CALL FOR OFFERS

Please submit Offers By: Friday, December 3rd - 2p.m. est.

The LOI should include your proposed Purchase Price, Earnest Money Deposit, Due Diligence Period, Closing Period, and a description of how you intend to finance the acquisition.
Buyers are encouraged to visit community prior to submitting offers.
Hilltop Mobile Home Community
Springfield, Illinois MSA
Colliers Manufactured Housing & RV Group is pleased to present the opportunity to acquire a 103-lot beautiful and well-maintained all-age mobile home community located on nearly 35 acres just 10 minutes northeast of the State Capital. Springfield, Illinois. The 103-site community includes 73 park-owned homes that has more than 70% double-wide's and are an average 2003 vintage. The community provides multiple opportunities to increase value including increasing rents and adding homes, given demand in the area.

The asking price for the community is $5,800,000 ($56,300/site)
The asking price represents a 8.0% Cap Rate (Rent roll/2020 Expenses).
INVESTMENT HIGHLIGHTS INCLUDE:

  • Currently 94% Occupied
  • Public Water & Sewer
  • Current lots rents are below market and can be increased to be in-line with similar communities in the area.
  • Potential to acquire additional land adjacent to the park for future expansion.
  • Located in Springfield, IL MSA and 10 minutes from downtown, numerous attractions like Abraham Lincoln National Heritage Sites, Capital Airport, shopping, and more.
Area Demographics (30 Mile Radius)
297,627 Total
Population
$78,860 Average
Household Income
36,592 Renter Occupied Housing Units
Michael J. Nissley
+1 561 479 1588
Kari Pell
+1 904 207 3696
Richard Knapp
+1 801 602 7910
Other ways to connect with us.
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