Property Description

Available for purchase, Manufactured Housing Community, located at 524 E Jefferson St, in Toulon, Illinois, on a 2.89 acre site consisting of 1 parcel with 25 home sites for manufactured homes. Current occupancy is 28%. Sites rent at $380 per month. Site condition is considered average to fair, with good upward potential. There are utilities at each site. Gross potential yearly income, fully stabilized is at $114,000 with a capitalization rate of 7.6%,. Tax rate is very reasonable, price to sell. I got Take a look and walk the site and see the potential. Please do not disturb any tenants

Property Features