Westville MHC

About this property

Description Westville Estates MHP is a 15-site mobile home community located on 1.89 acres on the outskirts of Westville, IL. The park was developed in the 1960's and has served the community by offering an affordable housing option since that time. The property is zoned 0030 (Vacant Lots-Land/6 units). The park is not located in a flood zone. The park is presently managed by an on site manager. The park also has a maintenance man on site. The owner of Westville Estates says the pad sites are 14 x 60 and average around 0.12 acres/home. There are currently not any trailers that need to be removed from the premises. Of the 15 occupied pads in the park, 14 are POH's averaging $700/month. There is one RTO unit in the park at this time. None of the tenants are currently behind in their rent. The park predominantly utilizes annual leases for the the residents. The tenants currently pay their via Cashapp and Venmo. Westville Estates is on CITY WATER & CITY SEWER! The underground pipe material is copper. The electrical pedestals are believed to be 100 amps. The park bills back the tenants for water & sewer currently. The park is also paying for Garbage removal. The tenants are direct billed by their respective providers for electric and gas. The road in front of the park is owned & maintained by the City of Westville. The park road is asphalt and are considered to be in great condition. The tenants currently mow their own pads and the park takes care of any common areas. The city handles snow removal on the road. The tenants are responsible for removing snow from their own drives but sometimes receive assistance from the city as well. The owner has renovated five trailers since purchasing the park.

All details

Similar rv parks in Illinois

RV park

Alpha Park Reagan Drive

Eureka, IL

$875,000

sites

—

Cap rate

—

Acres

—

RV park

Russ Mobile Home Park

Kankakee, IL

$949,000

sites

—

Cap rate

—

Acres

—