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).