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Mobile Home Park

Bushnell Country Gardens Mobile Home Park

601 E Osborne St, Bushnell, IL 61422

Listing Price: $415,000

Cap Rate
7.49%
Number of Spaces
63
Lot Size
13.60 acres
Occupancy
30.2%
Price/Space
$6,587
Spaces/Acre
4.63
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to present Bushnell Country Gardens, a 63-space manufactured housing investment located at 601 East Osborne Street in Bushnell, Illinois. The property is comprised of 11 tenant-owned homes, one park-owned home, 41 vacant lots, six vacant park-owned homes (need renovation), two tenant-owned homes on contract, one doublewide tenant-owned home, and one manager unit. This investment offers an investor the opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition.

Investment Highlights

  • 63 Total Spaces
  • 11 Tenant-Owned Homes, One Park-Owned Home, 41 Vacant Lots, Six Vacant Park-Owned Homes (Needs Renovation), Two Tenant-Owned Homes on Contract, One Doublewide Tenant-Owned Home, One Manager Unit
  • 13.6 Total Acres
  • Ability to Add Value By Raising the Rents and Adding Mobile Homes to Fill Vacancies
  • Easy Access to Route 41 and Route Nine
  • Located in Western Illinois
  • Numerous Retail and Dining Options Nearby
  • Close to a Variety of Employment Outlets

Exclusively Listed By

Mobile Home Park

Bushnell Country Gardens Mobile Home Park

Listing Price: $415,000

Cap Rate
7.49%
Number of Spaces
63
Lot Size
13.60 acres
Occupancy
30.2%
Price/Space
$6,587
Spaces/Acre
4.63
Year Built
2022

Investment Highlights

  • 63 Total Spaces
  • 11 Tenant-Owned Homes, One Park-Owned Home, 41 Vacant Lots, Six Vacant Park-Owned Homes (Needs Renovation), Two Tenant-Owned Homes on Contract, One Doublewide Tenant-Owned Home, One Manager Unit
  • 13.6 Total Acres
  • Ability to Add Value By Raising the Rents and Adding Mobile Homes to Fill Vacancies
  • Easy Access to Route 41 and Route Nine
  • Located in Western Illinois
  • Numerous Retail and Dining Options Nearby
  • Close to a Variety of Employment Outlets

Investment Overview

Marcus & Millichap is pleased to present Bushnell Country Gardens, a 63-space manufactured housing investment located at 601 East Osborne Street in Bushnell, Illinois. The property is comprised of 11 tenant-owned homes, one park-owned home, 41 vacant lots, six vacant park-owned homes (need renovation), two tenant-owned homes on contract, one doublewide tenant-owned home, and one manager unit. 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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