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Mobile Home Park

North Oaks Mobile Home Park

4001 Sandhill Rd, Springfield, IL 62702

Listing Price: $2,942,207

Cap Rate
2.67%
Number of Spaces
160
Lot Size
19.78 acres
Occupancy
41.2%
Price/Space
$18,389
Spaces/Acre
8.09
Year Built
1970

Investment Overview

North Oak Mobile Home Park is a 160-space manufactured housing investment located at 4001 Sandhill Road in Springfield, Illinois.

The property spans 8.09 acres and is comprised of 42 tenant-owned homes, 13 park-owned homes, 96 vacant lots and nine tenant-owned homes - contract. A new owner can add value by adding mobile homes to fill vacancies and billing back the tenants for utilities.

Investment Highlights

  • 160 Total Spaces and 19.78 Acres
  • 42 Tenant-Owned Homes, 13 Park-Owned Homes, 96 Vacant Lots, and Nine Tenant-Owned Homes - Contract
  • Ability to Add Value By Adding Mobile Homes to Fill Vacancies and Billing Back Tenants for Utilities
  • Located in Central Illinois
  • Easy Access to Interstate 55 and Route 29
  • Close Proximity Retail Options including Walmart, Aldi and Menards
  • Nearby Dining Options include Wendy's, Culver's and Taco Bell

Exclusively Listed By

Mobile Home Park

North Oaks Mobile Home Park

Listing Price: $2,942,207

Cap Rate
2.67%
Number of Spaces
160
Lot Size
19.78 acres
Occupancy
41.2%
Price/Space
$18,389
Spaces/Acre
8.09
Year Built
1970

Investment Highlights

  • 160 Total Spaces and 19.78 Acres
  • 42 Tenant-Owned Homes, 13 Park-Owned Homes, 96 Vacant Lots, and Nine Tenant-Owned Homes - Contract
  • Ability to Add Value By Adding Mobile Homes to Fill Vacancies and Billing Back Tenants for Utilities
  • Located in Central Illinois
  • Easy Access to Interstate 55 and Route 29
  • Close Proximity Retail Options including Walmart, Aldi and Menards
  • Nearby Dining Options include Wendy's, Culver's and Taco Bell

Investment Overview

North Oak Mobile Home Park is a 160-space manufactured housing investment located at 4001 Sandhill Road in Springfield, Illinois. The property spans 8.09 acres and is comprised of 42 tenant-owned homes, 13 park-owned homes, 96 vacant lots and nine tenant-owned homes - contract. A new owner can add value by adding mobile homes to fill vacancies and billing back the tenants for utilities.

Exclusively Listed By

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