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208 E Pease, 304 N Walnut
Mobile Home Park | 27 Pads |
Listing Contacts
License: 6092399-AB00
Active
Asking Price: $195,000
Address (3 locations)
208 E Pease St, Heyworth, IL 61745
Show on Map304 N Walnut, Heyworth, IL 61745
Show on MapN Willis St, Heyworth, IL 61745
Show on MapDate Added
May 2, 2024
Days on Market
352 days
Time Since Last Update
74 days
Details
Property TypeMobile Home Park
Investment TypeValue Add
Square Footage35,284 - 59,241
Pro-Forma Cap Rate19.00%
Occupancy44%
Pro-Forma NOI$37,053
Pads27
ZoningR-4 & R-1
APN28-34-306-007; 28-34-306-013; 28-33-429-019; 28-33-429-004
Price/Pad$7,222.22
Marketing Description
For Sale, VALUE-ADD OPPORTUNITY with 2 Mobile Home Parks consisting of 27 Total Pads, 7 Park Owned Mobile Homes, and 1 Vacant Lot (adjacent to park). Only 44% occupied, but full occupancy should be obtainable in this high demand housing market.
Now with a population of approx. 3,000, the Village of Heyworth is one of the fastest growing communities in McLean County. Located just 8 miles from Bloomington, it offers superior schools, excellent local police protection, a volunteer fire department, and local 24-hour ambulance service.
7 park owned mobile homes are included in the sale.
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Property History
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Due Diligence
Listing Contacts
- License: 6092399-AB00
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