Valley View South MHP

•ZERO accounts receivable!
•Steady occupancy levels!
•County maintained road!
•Under market pad rates!

Valley View MHP is an 18-pad mobile home community located on 5.00 acres in rural Quincy, IL.​ Despite being in a rural location it is only 2.8 miles away from Walmart and other popular shopping & dining destinations.​ The park was developed in 1970 and has served the community by offering an affordable housing option since that time.​ The property is zoned 0030 (vacant residential lots).​ The park is not located in a flood zone.​ The park is presently managed by a 3rd party property manager who will not be continuing in that role going forward due to time constraints with their business.​ The park has been utilizing a "greeter" and they have served well in that capacity and might be capable of additional responsibilities depending upon your management structure.​ The park does not have a maintenance man at this time.​

The pad size varies, but the majority are approximately 37 x 90.​ There are currently not any trailers that need to be removed from the premises.​ Of the 18-pads in the park, 15 of the pads are TOH's averaging $275/month.​ There are currently three vacant pads in the park.​ The trailers are a mixture of 1990's, 2000's, and 2010's models.​ The last increase in pad rental was in May of 2024 when the rent was raised $30/month.​ Market rent in Quincy is $325/month.​ There are currently ZERO tenants behind in their rent.​ The park utilizes annual leases for its residents, however those convert into month-to-month leases after the original term.​

PUBLIC WATER! Valley View South MHP is on Mill Creek Water and utilizes a 3-cell lagoon sewer (overseen monthly by a licensed engineer at $200/month) The underground pipe material is believed to be a combination of clay & PVC.​ The electrical pedestals are 100 amp.​ Residents are direct billed for electricity, & gas by the utility providers.​ The park is sub-metered for water and the tenants are back billed by the owners.​ Garbage is built into the lot and home rent.​ The park utilizes County roads that are blacktop and in good condition.​ The tenants mow their own pads and the park mows the common areas.​ The park assists with pushing snow as needed.​

Since the current ownership has operated the park, they have made a number of improvements to the property:

1.​ Rebuilt part of lagoon dams.​
2.​ Converted POH park model to TOH's
3.​ Added a park sign and landscaping.​
4.​ Trimmed large trees.​

When asked what improvements they would implement if they were to continue to operate the park going forward:

1.​ Raise rents to increase income
2.​ Bill back trash to the residents
2.​ Infill the three vacant pads

LOCATION:

Quincy, known as Illinois's "Gem City", is a city in and the county seat of Adams County, Illinois, located on the Mississippi River.​ The 2010 census counted a population of 40,633 in the city itself, up from 40,366 in 2000.​ As of July 1, 2015, the Quincy Micro Area had an estimated population of 77,220.​ Geographically, Quincy is the largest city and is the central hub of the Tri-State region, encompassing western Illinois, northeastern Missouri, and southeastern Iowa.​

Quincy is located approximately:

110 miles from Springfield, IL
137 miles from St.​ Louis, MO
144 miles from the Quad Cities

In the fall of 2010, Forbes Magazine listed Quincy as the eighth "Best Small City To Raise A Family.​"

In 2014 the voters approved an $89,000,000 school referendum for the construction of four brand new schools and to completely renovate the high school.​

The median home cost in Quincy is $144,300.​ Home appreciation the last 10 years has been 45.4%.​ Home Appreciation in Quincy is up 14.9% over the past year.​

Renters make up 32.6% of the Quincy population.​

The average 1-bedroom rental in Quincy rents for $650/month.​
The average 2-bedroom rental in Quincy rents for $850/month.​
The average 3-bedroom rental in Quincy rents for $1,080/month.​

Quincy has an unemployment rate of 4.6%.​ The US average is 6.0%.​

Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.​

The Median household income of a Quincy resident is $50,857 a year.​ The US average is $69,021 a year.​

Quincy violent crime is 24.8.​ (The US average is 22.7)
Quincy property crime is 44.7.​ (The US average is 35.4)

Quincy is the hub of the Tri-State regions, encompassing western Illinois, northeastern Missouri, and southeastern, IA.​ Quincy has strong manufacturing roots and there are a number of large companies that provide economic stability to this general region.​ Quincy also has a strong hiring base for trucking, education, medical, & retail.​

(listed in alphabetical order)

-Adams County (360)
-ADM (533)
-Blessing Hospital (3088)
-Blue Cross Blue Shield (910)
-Chaddock (240)
-City of Quincy (298)
-Gardner Denver (280)
-GatesAir (295)
-Hollister Whitney (326)
-Illinois Veteran’s Home (570)
-John Wood Community College (562)
-Knapheide Manufacturing (1350)
-Kohl Wholesale (408)
-Niemann Foods, Inc.​ (482)
-Phibro (150)
-Quincy Medical Group (1000)
-Quincy Public Schools (1200)
-Sunset Home (215)
-Titan International Inc.​ (750)
-Wis-Pak (170)

•100% tenant owned homes!
•County maintained roads!
•City water!
•Great starter park!