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Patch Place Manufactured Home Community

Bankruptcy Sale – Mobile Home Community Located in Springfield, IL

Listing Contacts

Active

Asking Price:Unpriced

Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.

Address 

2735 S 14th St, Springfield, IL 62703

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Date Added
Mar 12, 2025
Days on Market
44 days
Time Since Last Update
38 days

Details

Property TypeMobile Home Park
SubtypeManufactured Housing, Multi-Family
Units47
Year Built2020
Lot Size (acres)3.52
APN22-10.0-253-021
Sale ConditionDistressed
IntelligenceINTELLIGENCE
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Marketing Description

Patch Place Manufactured Home Community, located in Springfield, Illinois, offers residents a comfortable and affordable living environment.​ The community features well-maintained manufactured homes and spacious lots, catering to a variety of housing needs.​ Amenities include on-site management and pet-friendly policies, fostering a welcoming atmosphere for all residents.​ Its convenient location provides easy access to local attractions, shopping centers, and dining options, enhancing the overall living experience.​

  • Site Count: 47

  • Community Owned Homes Count: 47

Investment Highlights

  • Bankruptcy Sale – Mobile Home Community Located in Springfield, IL

  • Part of Portfolio of Eight (8) Available Communities in and around Springfield, IL

  • Buyers for Individual Communities and Portfolio Buyers Welcome

  • The property was redeveloped in 2020 with new infrastructure including water and drainage systems, electrical systems, roads and pad sites.

  • Located within close proximity to major commercial and medical services as well as employment opportunities.

  • Tenants are responsible for all utility cost through direct billing.

  • Currently no rent control policies impacting the subject property.

  • NDA for financials and additional due diligence data available upon request

  • All transactions are subject to approval of the U.S. Bankruptcy Court for the Eastern District of North Carolina, lead case no. 24-3435-5-PMW

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Due Diligence

Due diligence information will be provided.
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