MLS#12781711
STATUSNew
PROPERTY TYPECommercial - Investment
Property Description
Ludlow Mobile Home Park is an 11-pad community with an impressive 12.8 in-place cap rate. This park is generating $5590/month in revenue. All 11 homes are tenant owned (with 3 currently on seller financing), reducing operational and maintenance responsibilities for the park owner. The park is licensed for 12 pads and has an existing single-family home on-site in need of renovations. Renovate the SFH and add a 12th pad to drive yields even higher or operate it as-is. Conveniently located near I-57 and Hwy 45, the park offers easy access to employment hubs in Rantoul, Paxton, and the Champaign-Urbana metro.
Property Features
Property Type: Commercial - Investment
Cooling: Window Unit(s)
Lot Size: 1.18 Acres
Stories: 2.0
Taxes: $3,412
Feature Descriptions
Lot Dimensions: 280x180
Parcel#: 140301456003
Listed By / Shown By
Listed By
Agency Name: Ellsbury Group LLC
Agency Phone: 219-200-5133
Shown By
Agent Name: Tyler Ragan
Agent Phone: (815) 988-6624
Agency Title: Dickerson & Nieman Realtors
Tyler Ragan
Cell: (815) 988-6624
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220 N Poplar Street | MLS# 12781711
This commercial property located at 220 N Poplar Street , Ludlow, IL 60949 is currently listed for sale with an asking price of $299,000. Search Ludlow real estate on tylerragan.dickersonnieman.com today.