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Mobile Home Park

Melrose Mobile Home Park

1215 S 56th St, Quincy, IL 62305

Listing Price: $1,180,000

Cap Rate
5.33%
Number of Spaces
51
Lot Size
16.40 acres
Price/Space
$23,137
Spaces/Acre
3.11

Investment Overview

Marcus & Millichap is pleased to present Melrose Mobile Home Park, a unique 51-space mobile housing community located at 1215 South 56th Street in Quincy, Illinois. Quincy is a city in Adams County, located approximately 136 miles north of St. Louis, Missouri, with convenient access to Route 104 and Interstate 172. Quincy is located adjacent to the Mississippi River and has an estimated population of 77,220. Quincy is known for their German history with a popular South Side German Historic District.

The subject property is comprised of 51 mobile home spaces, comprised of 36 tenant-owned homes, two delux-tenant owned homes, three vacant lots, nine delux vacant lots, and one delux model home. The park originally consisted of 39 pads but a recent addition has added a side street with an upscale 50 plus division. The park includes a lagoon sewer system and public water system.

This manufactured housing park is a unique opportunity to acquire 51 sites on a large lot in a small, centrally-located town. The park is just under two miles south of Broadway Street, which features numerous retail and dining options. A new owner can fill the vacant sites in the 50-plus division and raise rents in the rest of the park to receive a great return.

Investment Highlights

  • 51 Total Spaces
  • Total Acreage: 18.72 Acres
  • Convenient Access to Route 104 and Interstate 172
  • Close Proximity to Retail and Dining Options on Broadway Street

Exclusively Listed By

Mobile Home Park

Melrose Mobile Home Park

Listing Price: $1,180,000

Cap Rate
5.33%
Number of Spaces
51
Lot Size
16.40 acres
Price/Space
$23,137
Spaces/Acre
3.11

Investment Highlights

  • 51 Total Spaces
  • Total Acreage: 18.72 Acres
  • Convenient Access to Route 104 and Interstate 172
  • Close Proximity to Retail and Dining Options on Broadway Street

Investment Overview

Marcus & Millichap is pleased to present Melrose Mobile Home Park, a unique 51-space mobile housing community located at 1215 South 56th Street in Quincy, Illinois. Quincy is a city in Adams County, located approximately 136 miles north of St. Louis, Missouri, with convenient access to Route 104 and Interstate 172. Quincy is located adjacent to the Mississippi River and has an estimated population of 77,220. Quincy is known for their German history with a popular South Side German Historic District.

The subject property is comprised of 51 mobile home spaces, comprised of 36 tenant-owned homes, two delux-tenant owned homes, three vacant lots, nine delux vacant lots, and one delux model home. The park originally consisted of 39 pads but a recent addition has added a side street with an upscale 50 plus division. The park includes a lagoon sewer system and public water system.

This manufactured housing park is a unique opportunity to acquire 51 sites on a large lot in a small, centrally-located town. The park is just under two miles south of Broadway Street, which features numerous retail and dining options. A new owner can fill the vacant sites in the 50-plus division and raise rents in the rest of the park to receive a great return.

Exclusively Listed By

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