$2,500,000
$3,000,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
0 Memorial DR Smithton, IL 62285
16 Acres Lot
Key Details
Sold Price $2,500,000
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Sold
Purchase Type For Sale
Subdivision Country Air Mobile Park
MLS Listing ID 20000238
Sold Date 04/30/20
Lot Size 16.000 Acres
Acres 16.0
Property Sub-Type Commercial & Indr.
Property Description
Family Owned since 1970. Well respected and sought after mobile home park. 96 Lots with 84 currently rented with property included that could be expanded to 106 lots on this 16 +/- parcel. Average monthly rental is $315 and includes trash pickup only. All public utilities are used by the tenants. Beautiful tree lined streets are privately owned and park has a reputation as being one of the finest in the area. Current tenants are on a one year lease. Potential gross income is $363,000 with a net income of $293,810 on the 96 lots. Located in town but with a country atmosphere. Within walking distance to community park and senior center. State Approved. All financial including P&L Statement will be made available to qualified parties upon receipt of pre approval information. Property is currently in the process of being surveyed for exact acreage.
Location
State IL
County St Clair-il
Zoning Commercial
Interior
Heating None
Cooling None
Fireplace N
Exterior
Utilities Available Electricity Available, Gas to Site, Water Available, Sewer Available, Other
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash Only, Conventional, Private
Listing Terms Cash Only, Conventional, Private
Special Listing Condition No Exemptions, None
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Bought with Douglas Payne