RV Parks

Erie Mobile Home Park - 10 CAP - Zero Landlord Utilities - City Owned Street

Erie, IL

Asking price

$350,000

Sites

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Cap rate

10.00%

Price / site

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About this property

Description Mobile Home Park Investor Dream Scenario This is an entry level park that is easy to manage from out of town. All utilities direct billed to the residents including trash. Landlord doesn't receive any utility / garbage bills. City owned and maintained street. The only expenses are taxes, insurance, mowing two lots, and licensing. Below market rents. Only one park owned home. The water and sewer lines were replaced in recent years by the owner. One 2023 model home is included in the sale price. Broker owned.