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Mobile Home Park

Old State Village Mobile Home Park

5294 Old State Rd, Mattoon, IL 61938

Listing Price: $2,300,000

Cap Rate
3.01%
Number of Spaces
200
Lot Size
23.59 acres
Occupancy
31.8%
Price/Space
$11,500
Spaces/Acre
8.48
Year Built
1968

Investment Overview

Marcus & Millichap is pleased to present Old State Village Mobile Home Park, a 200-spaces manufactured housing investment located at 5294 Old State Road in Mattoon, Illinois. The property is comprised of 55 tenant-owned homes, five park-owned homes, 124 vacant lots, 15 vacant park-owned homes that need renovation, and one tenant-owned home on contract. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Investment Highlights

  • 200 Total Spaces, 55 Tenant-Owned Homes, Five Park-Owned Homes, 124 Vacant Lots, 15 Vacant Park-Owned Homes (Needs Renovation), One Tenant-Owned Home on Contract
  • 23.59 Total Acres
  • Ability to Add Value By Raising the Rents and Adding Mobile Homes to Fill Vacancies
  • Easy Access to Interstate 57 and Route 45
  • Located in Central Illinois
  • Numerous Retail and Dining Options Nearby
  • Close to a Variety of Employment Outlets

Exclusively Listed By

Mobile Home Park

Old State Village Mobile Home Park

Listing Price: $2,300,000

Cap Rate
3.01%
Number of Spaces
200
Lot Size
23.59 acres
Occupancy
31.8%
Price/Space
$11,500
Spaces/Acre
8.48
Year Built
1968

Investment Highlights

  • 200 Total Spaces, 55 Tenant-Owned Homes, Five Park-Owned Homes, 124 Vacant Lots, 15 Vacant Park-Owned Homes (Needs Renovation), One Tenant-Owned Home on Contract
  • 23.59 Total Acres
  • Ability to Add Value By Raising the Rents and Adding Mobile Homes to Fill Vacancies
  • Easy Access to Interstate 57 and Route 45
  • Located in Central Illinois
  • Numerous Retail and Dining Options Nearby
  • Close to a Variety of Employment Outlets

Investment Overview

Marcus & Millichap is pleased to present Old State Village Mobile Home Park, a 200-spaces manufactured housing investment located at 5294 Old State Road in Mattoon, Illinois. The property is comprised of 55 tenant-owned homes, five park-owned homes, 124 vacant lots, 15 vacant park-owned homes that need renovation, and one tenant-owned home on contract. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Exclusively Listed By

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