87 Circle Creek Ln, Sauget, IL 62206

Berkadia Manufactured Housing is pleased to present Pheasant Run in Sauget, IL. This offering features 121 sites and is located less than six miles from the heart of St. Louis. This community offers significant rental potential, as current rents are well below those of nearby competitors and the market average. Additionally, Pheasant Run is operating at 55% occupancy, with 58 available sites. Filling these sites at current lot rents could generate an additional $254,040 in lot rent income. In addition, the park benefits from public water and sewer that are sub-metered, helping to reduce management oversight. This offering presents investors with the opportunity to acquire a well-maintained park with major value-add potential in a strong market.

Link to Offering Materials: https://properties.berkadia.com/pheasant-run-473442?src=src5

Asking Price: $3,350,000 inclusive of home inventory ($27,685/ Site)