3 Acres Mobile Home Park
303 East Little Street,
Rushville, IL 62681
 
$503,000
Offering Price
4.21
GRM
$18,630
Price Per Unit
27
Number of Spaces
14.24%
Cap Rate
133,294
Land SF
Previous
Next
$503,000
Offering Price
4.21
GRM
$18,630
Price Per Unit
27
Number of Spaces
14.24%
Cap Rate
133,294
Land SF
Investment Summary
Discover a valuable investment in the heart of Rushville, Illinois! Three-acres mobile home park offers 27 total spaces, including 11 Park-Owned Homes with substantial potential for added value through rehab and filling vacant units. Nestled in a community with high demand for housing, this property is poised to address local housing shortages and cater to the nearby packing plant’s employee housing needs. With competitive rental rates and untapped potential for strong returns, Three Acres is a prime candidate for an investor ready to implement solid management and turn this park into a high-yield asset. Don’t miss out on transforming this property into a consistent income stream and a standout in your portfolio. Contact us today for more details on this exceptional opportunity! City Water, Electric & Trash and city sewer; All utilities are directly billed to the tenants except Trash.
Investment Highlights
27 Total Spaces 12 Tenant Owned Homes 11 Park Owned Homes 4 Vacant Lots
City Water and Sewer Direct Billed to Tenants
Nice Upside Through Rehabbing and Filling Last 6 Vacant Homes
Disclosure
All Property and Investment Information is not Warranted or Guaranteed. All Information Provided By Seller.
Location Summary
Three Acre Mobile Home Park is located in Rushville, Illinois, 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. Some of the business that are local consists of Subway, Walmart, Country Financial, Hall Fabrication Inc., UPS Store, Kinderhook Landscaping among many others! Rushville is also located just 25 minutes from Macomb, Illinois population 17,600.
FOR MORE DETAILS CONTACT
Pete Peterson
CEO / Partner
(855) 596-7976
pete@strattonre.net
Dwayne Peterson
Multi-Family Specialist
(217) 741-3560
dwayne.peterson@strattonre.net
IL: 475187697
Wesley Peterson
MHC Specialist
(863) 342-6560
wes@strattonre.net
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