$175,000
$175,000
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2.26 Acres Lot
SOLD DATE : 07/01/2019
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10292649
Sold Date 07/01/19
Maintenance Fees $894
Year Built 1960
Annual Tax Amount $1,632
Tax Year 2017
Lot Size 2.260 Acres
Lot Dimensions 2.26 ACRES
Property Description
Anna Mobile Home Park sits on 2.26 acres in Anna, IL. The park is located in a nice location in town next to the golf course, and it is also near Anna City Park. The park is on city water & city sewer. Each pad has its own electric meters, water meters, & gas meters. The road going thru the park is asphalt and is in fairly decent condition (it does have a few holes that will need fixed). Each pad has 200 amp electrical service. The tenants currently mow their own spaces. The park is currently distressed and the asking price reflects the current income rate of the park. The park was appraised for $285,000 using the sales comparison approach in 2012, $300,000 using the cost approach, and $309,000 using the income approach. There are currently 13 park owned homes that are habitable. There are six park owned homes that need removed. Two tenants are renting pads. One lot is vacant. Value added investment opportunity here!
Location
State IL
County Other
Area Out Of Area South
Interior
Fireplace N
Building
Level or Stories 1
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Bought with Jon Fisher • Coldwell Banker The R.E. Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "