Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 798117
- Posted On: Mar 27, 2017
- Updated On: Jul 27, 2017
Description
A 31 space Mobile Home Park, named Timberlane Park, on IL Rte 2 and Gold River Ave South of Rockford, IL with 15 rented spaces at $300, 15 owned older mobile homes, 7 of which are rented from $350 to $500 and 9 older mobile homes that need work or need to be replaced. Current income is $92,700 with $20,602 expenses. Park contains 10.44 acres in the country and needs work and TLC.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 31 |
| Total Occupancy: | 71.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $300 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $92 |
| Operating Expense: | $20 |
| Net Operating Income: | $72 |
| Expense Ratio: | 21.7 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 30 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 16 |
| Average Rent for Park-owned Homes: | $465 |
