Three Acres Mobile Home Park

Asking Price: $430,000

• 27 Total Spaces

• 12 Park-Owned Homes

• 3.06 Acres

• Strong Tenancy

• City Water, Electric & Trash

• Growing Market

• Low Maintenance

Three Acres Mobile Home Park is located in Rushville, Illinois. The park has 27 total spaces, with 12 Park-Owned Homes. All utilities are sub metered and directly billed to the tenants; owner pays for trash & electric on vacant units.

Over the past 12 months, the current owner has been able to clean up the property which has resulted in stronger tenancy. He has invested over $36,000 in Cap Ex for housing rehab and purchases this past year. Rushville, IL has seen growth in the housing market with the new condos built down the street from 3 Acres. Under new ownership, 3 Acres has the ability to be 100% occupied and a strong investment with nice returns and low maintenance!

Rushville is approximately an hour and fifteen minutes northwest of Springfield and an hour and twenty-five minutes southwest of Peoria. The town of Rushville harbors about 3,000 people within the city limits and over 20,000 within 15 miles. The median cost of a home is $77,000 with home appreciation over the last 10 years up 1.2% at 8.2%! This community is in need of additional housing and 3 Acres is the only Mobile Home Park leaving a great investment opportunity for incoming owners.

The town of Rushville support many local businesses and is also located 15 minutes from Beardstown, Illinois. Rushville is also located just 25 minutes from Macomb, Illinois which has a population of about 17,600.