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Mobile Home Park

Timber Edge Mobile Home Community

1090 Lakin Ave, Marseilles, IL 61341

Listing Price: $2,415,000

Cap Rate
4.76%
Number of Spaces
105
Lot Size
14.43 acres
Occupancy
19.0%
Price/Space
$23,000
Spaces/Acre
7.28
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present Timber Edge Mobile Home Community, a 105-space manufactured housing investment located at 1090 Lakin Avenue in Marseilles, Illinois.

The property is comprised of 105 tenant-owned homes. All utility tap-in fees have already been paid by current owner and utilites are set up to run to individual sites. There are large lots available to place double wide homes. All lots are parceled to be rented or sold individually. All streets in the property are
public and maintained by the city.

This investment offers an investor the opportunity to acquire a developed manufactured housing community with the option to immediately add homes to rent or sell.

Investment Highlights

  • 105 Total Spaces and Tenant-Owned Homes and 14.43 Total Acres
  • All Utility Tap-In Fees Have Already Been Paid by Current Owner, Utilities are Set up to Run to Individual Sites, The Streets in the Property are Public and Maintained by the City
  • All Lots are Parceled to be Rented or Sold Individually, Large Lots Available to Place Double Wide Homes, Ability to Add Value By Adding Manufactured Homes
  • Located in Northern Central Illinois and Easy Access to Route 6 and Route 170
  • Close Proximity Retail Options including Dollar General and Schott's Pharmacy, Nearby Dining Options include Subway, Close to a Variety of Employment Outlets, which include Graphic Packaging International LLC, Exelon Corporation, and Rivershores Healthcare and Rehabilitation
  • One Mile from Illinois River and Near Multiple Marinas and Yacht Clubs, including Spring Brook Marina
  • Marseilles has a Median Home Price of $164,138 and is Close to Seneca, Illinois, which has had a Significant Increase in Population Growth

Exclusively Listed By

Mobile Home Park

Timber Edge Mobile Home Community

Listing Price: $2,415,000

Cap Rate
4.76%
Number of Spaces
105
Lot Size
14.43 acres
Occupancy
19.0%
Price/Space
$23,000
Spaces/Acre
7.28
Year Built
1970

Investment Highlights

  • 105 Total Spaces and Tenant-Owned Homes and 14.43 Total Acres
  • All Utility Tap-In Fees Have Already Been Paid by Current Owner, Utilities are Set up to Run to Individual Sites, The Streets in the Property are Public and Maintained by the City
  • All Lots are Parceled to be Rented or Sold Individually, Large Lots Available to Place Double Wide Homes, Ability to Add Value By Adding Manufactured Homes
  • Located in Northern Central Illinois and Easy Access to Route 6 and Route 170
  • Close Proximity Retail Options including Dollar General and Schott's Pharmacy, Nearby Dining Options include Subway, Close to a Variety of Employment Outlets, which include Graphic Packaging International LLC, Exelon Corporation, and Rivershores Healthcare and Rehabilitation
  • One Mile from Illinois River and Near Multiple Marinas and Yacht Clubs, including Spring Brook Marina
  • Marseilles has a Median Home Price of $164,138 and is Close to Seneca, Illinois, which has had a Significant Increase in Population Growth

Investment Overview

Marcus & Millichap is pleased to present Timber Edge Mobile Home Community, a 105-space manufactured housing investment located at 1090 Lakin Avenue in Marseilles, Illinois. The property is comprised of 105 tenant-owned homes. All utility tap-in fees have already been paid by current owner and utilites are set up to run to individual sites. There are large lots available to place double wide homes. All lots are parceled to be rented or sold individually. All streets in the property are public and maintained by the city. This investment offers an investor the opportunity to acquire a developed manufactured housing community with the option to immediately add homes to rent or sell.

Exclusively Listed By

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