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Mobile Home Park

Danville, Lake Bluff Oaks & Lakeview Estates

2300 79th Ave W, Rock Island, IL 61201

Listing Price: $17,513,000

Cap Rate
5.87%
Number of Spaces
334
Lot Size
76.00 acres
Occupancy
84.0%
Price/Space
$52,434
Spaces/Acre
4.39
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a manufactured housing community portfolio located in Illinois and Iowa. The portfolio contains a total of 377 sites with a global occupancy of 76 percent. All of the communities are serviced by public water and sewer. With a global occupancy of 76 percent and an average rent of approximately $397, a new investor can implement an aggressive sales program to fill the vacant sites. The portfolio can be purchased all together or in trenches by state.

Investment Highlights

  • Four Manufactured Housing Communities Located Throughout Illinois and Iowa
  • All of the Communities Are Serviced by Public Water and Sewer
  • Can be Purchased as a Portfolio or In Trenches by State

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Mobile Home Park

Danville, Lake Bluff Oaks & Lakeview Estates

Listing Price: $17,513,000

Cap Rate
5.87%
Number of Spaces
334
Lot Size
76.00 acres
Occupancy
84.0%
Price/Space
$52,434
Spaces/Acre
4.39
Year Built
1980

Investment Highlights

  • Four Manufactured Housing Communities Located Throughout Illinois and Iowa
  • All of the Communities Are Serviced by Public Water and Sewer
  • Can be Purchased as a Portfolio or In Trenches by State

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a manufactured housing community portfolio located in Illinois and Iowa. The portfolio contains a total of 377 sites with a global occupancy of 76 percent. All of the communities are serviced by public water and sewer. With a global occupancy of 76 percent and an average rent of approximately $397, a new investor can implement an aggressive sales program to fill the vacant sites. The portfolio can be purchased all together or in trenches by state.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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