Listed by RE/MAX BEST COMMERCIAL
$350,000
Erie, Illinois Mobile Home Park
Details
APN 20-06-428-009
Property Type Mobile Home Park
Sub Type 1
Units 9
Cap Rate 9.93%
NOI $34,767
Occupancy 78%
Pro-Forma Cap Rate 12.99%
Pro-Forma NOI $45,453
Broker Co-Op Yes
Lot Size (SqFt) 36,384
Investment Type Value Add
Occupancy Date 02/25/2026
Mobile Home Park | 9 Pads | $38,889/pad
Marketing description
Mobile Home Park Investor Dream Scenario
This is an entry level park that is easy to manage from out of town.
All utilities direct billed to the residents including trash.
City owned and maintained street.
The only expenses are taxes, insurance, mowing two lots, and licensing.
Below market rents.
Only one park owned home.
The water and sewer main was replaced in recent years by the owner.
Income is based off lot rent only and not the home rent.
One 2023 model home is included in the sale price.
Broker owned.
Listing Contacts
Listed by RE/MAX BEST COMMERCIAL
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,767.00
$2,897.25/mo
Valuation Metrics
0
DSCR
9.93%
Cap Rate
9.93%
ROI
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