1400 N Illinois Ave - Manufactured Housing/Mobile Housing FOR SALE


Carbondale, IL 62901
$4,000,000 USD
209-408-7788
1400 N Illinois Ave, Carbondale, IL for Sale
$4,000,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/2
null | Request Cap Rate

1400 N Illinois Ave
Carbondale, IL 62901


HIGHLIGHTS

  • Nice quite park with trees and big yards
  • Upscale Homes
  • Great Tenants and Manager in place

OVERVIEW

400-Space Mobile Home Park – Carbondale, IL Call 209-996-4075 or 209-408-7788 for more information. Rare opportunity to acquire a 400-space mobile home park located in Carbondale, IL ; the county seat and home of Southern Illinois University. This well-maintained community features a mix of tenant-owned homes, park-owned homes, and vacant lots, providing a strong base with tremendous upside potential. Current ownership has begun an effective plan of renovating and renting vacant homes and plans to infill additional units into empty lots. A new owner can continue this strategy to dramatically increase cash flow and long-term value. With its college-town location, large scale, and significant growth opportunity, this property represents a standout investment in the manufactured housing sector. Owner Financing available. Call 209-996-4075 or 209-408-7788 for details and more information

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$943 USD /SF

# OF UNITS

400

PRICE/UNIT

$10,000

CAP RATE

Request Cap Rate

% LEASED

30%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornerstone Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

60 AC

LAND SF

2,613,600 SF

ZONING

Comm

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rachel MerchantCCI Investments, LLCMore Info
209-408-7788

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Rachel MerchantCCI Investments, LLCMore Info
209-408-7788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.