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Mobile Home Park

Patrick's Place & Country Village Estates

200 E Patrick St, Marion, IL 62959

Listing Price: $2,195,000

Cap Rate
6.75%
Number of Spaces
141
Lot Size
38.90 acres
Occupancy
58.8%
Price/Space
$15,567
Spaces/Acre
3.62
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present this two park portfolio in Marion and Murphysboro, Illinois.

Patrick's Place Mobile Home Park is located at 200 East Patrick Street in Marion, Illinois and has 78 spaces. The property is comprised of 20 tenant-owned homes, six park-owned homes, 44 vacant lots, seven tenant-owned homes - contract, and one office. Patrick's Place has public water and sewer that is billed back to the tenant.

Country Village Estates is located at 151 Hoffman Road in Murphysboro, Illinois and has 63 spaces. The property is comprised of 50 tenant-owned homes, two park-owned homes, four vacant lots, four vacant park-owned homes that are ready to rent and one vacant park owned home that needs renovation. Country Village Estates has a lagoon and public water. This property can be purchased separately.

This investment offers an investor the opportunity to acquire two well-maintained assets with the ability to add value by raising rents and adding manufactured houses to fill vacancies.

Investment Highlights

  • 141 Total Spaces
  • Patrick's Place has 78 Spaces and Patrick's Place has Public Water and Sewer that is Billed Back to the Tenant
  • Country Village Estates has 63 Spaces and Country Village Estates has a Lagoon and Public Water
  • Ability to Add Value By Raising Rents and Adding Manufactured Houses to Fill Vacancies
  • Located in Southern Illinois
  • Distance Between Patrick's Place and Country Village Estates is 25 Miles
  • Patrick's Place has Easy Access to Route 13 and Route 37 and is Nearby Wendy's, IHOP, Menards, and Walmart
  • Country Village Estates has Easy Access to Route 149 and Route 127 and Murphysboro is Close to Taco Bell, KFC, Subway and Walmart

Exclusively Listed By

Mobile Home Park

Patrick's Place & Country Village Estates

Listing Price: $2,195,000

Cap Rate
6.75%
Number of Spaces
141
Lot Size
38.90 acres
Occupancy
58.8%
Price/Space
$15,567
Spaces/Acre
3.62
Year Built
1970

Investment Highlights

  • 141 Total Spaces
  • Patrick's Place has 78 Spaces and Patrick's Place has Public Water and Sewer that is Billed Back to the Tenant
  • Country Village Estates has 63 Spaces and Country Village Estates has a Lagoon and Public Water
  • Ability to Add Value By Raising Rents and Adding Manufactured Houses to Fill Vacancies
  • Located in Southern Illinois
  • Distance Between Patrick's Place and Country Village Estates is 25 Miles
  • Patrick's Place has Easy Access to Route 13 and Route 37 and is Nearby Wendy's, IHOP, Menards, and Walmart
  • Country Village Estates has Easy Access to Route 149 and Route 127 and Murphysboro is Close to Taco Bell, KFC, Subway and Walmart

Investment Overview

Marcus & Millichap is pleased to present this two park portfolio in Marion and Murphysboro, Illinois. Patrick's Place Mobile Home Park is located at 200 East Patrick Street in Marion, Illinois and has 78 spaces. The property is comprised of 20 tenant-owned homes, six park-owned homes, 44 vacant lots, seven tenant-owned homes - contract, and one office. Patrick's Place has public water and sewer that is billed back to the tenant. Country Village Estates is located at 151 Hoffman Road in Murphysboro, Illinois and has 63 spaces. The property is comprised of 50 tenant-owned homes, two park-owned homes, four vacant lots, four vacant park-owned homes that are ready to rent and one vacant park owned home that needs renovation. Country Village Estates has a lagoon and public water. This property can be purchased separately. This investment offers an investor the opportunity to acquire two well-maintained assets with the ability to add value by raising rents and adding manufactured houses to fill vacancies.

Exclusively Listed By

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