900 S. Camp Ave., Olney, IL 62450

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Great Investment Opportunity!
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$1,100,000
Active for Sale
 
Listing ID 11236568
Property Type Commercial
Commercial Type MULTIFAMILY, Manufactured Housing/Mobile Home, MULTIFAMILY, Manufactured Housing/Mobile Home, MULTIFAMILY, Manufactured Housing/Mobile Home, MULTIFAMILY, Manufactured Housing/Mobile Home, MULTIFAMILY, Manufactured Housing/Mobile Home
County Richland
Township Olney
School Richland County CUSD 1
Tax ID 11-03-350-001
FEMA Flood Map fema.gov/portal
Year Built 1978
   
Virtual Tour

Great Investment Opportunity! 51 space Mobile Home Park

This mobile home park "J & J" is a great income producing property. The mobile home park has 51 lots and a 4000sf metal span building. Currently the park owns 27 mobile homes, 2 of those are being renovated, additionally there are 5 mobile homes that are tenant owned and sellers receive lot rent. The metal span building also provides a dual purpose of storing boats for a fee and supplies for the park. There are concrete roads with the exception of a small section, two entrances and exits within the park.
Property Details
  • 8.18 Acres
  • Built in 1978
  • Available 1/17/2024
  • Renovation: 2016 New concrete streets were put in except for a small section.
Unit Information
Unit #1 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 575, Bedrooms: 2, Full Baths: 2, Occupied
Unit #2 – Manufactured Housing/Mobile Home, Gross Area: 1152, Net Leasable Area: 1152, Rent Price: 600, Bedrooms: 3, Full Baths: 2, Occupied
Unit #3 – Manufactured Housing/Mobile Home, Gross Area: 1056, Net Leasable Area: 1056, Rent Price: 675, Bedrooms: 2, Full Baths: 2
Unit #4 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 625, Bedrooms: 2, Full Baths: 1
Unit #5 – Manufactured Housing/Mobile Home, Gross Area: 1056, Net Leasable Area: 1056, Rent Price: 625, Bedrooms: 2, Full Baths: 2, Occupied
Unit #6 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 650, Bedrooms: 3, Full Baths: 2, Occupied
Unit #7 – Manufactured Housing/Mobile Home, Gross Area: 896, Net Leasable Area: 896, Rent Price: 650, Bedrooms: 2, Full Baths: 1
Unit #8 – Manufactured Housing/Mobile Home, Gross Area: 1088, Net Leasable Area: 1088, Rent Price: 600, Bedrooms: 2, Full Baths: 2, Occupied
Unit #9 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 650, Bedrooms: 2, Full Baths: 2
Unit #10 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 625, Bedrooms: 2, Full Baths: 2, Occupied
Unit #11 – Manufactured Housing/Mobile Home, Gross Area: 910, Net Leasable Area: 910, Rent Price: 600, Bedrooms: 3, Full Baths: 2, Occupied
Unit #12 – Manufactured Housing/Mobile Home, Gross Area: 1216, Net Leasable Area: 1216, Rent Price: 675, Bedrooms: 3, Full Baths: 2, Occupied
Unit #13 – Manufactured Housing/Mobile Home, Gross Area: 1072, Net Leasable Area: 1072, Rent Price: 675, Bedrooms: 3, Full Baths: 2, Occupied
Unit #14 – Manufactured Housing/Mobile Home, Gross Area: 1216, Net Leasable Area: 1216, Rent Price: 700, Bedrooms: 3, Full Baths: 2, Occupied
Unit #15 – Manufactured Housing/Mobile Home, Gross Area: 1216, Net Leasable Area: 1216, Rent Price: 600, Bedrooms: 3, Full Baths: 2, Occupied
Unit #16 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 550, Bedrooms: 3, Full Baths: 2, Occupied
Unit #17 – Manufactured Housing/Mobile Home, Gross Area: 1056, Net Leasable Area: 1056, Rent Price: 700, Bedrooms: 3, Full Baths: 2
Unit #18 – Manufactured Housing/Mobile Home, Gross Area: 1440, Net Leasable Area: 1440, Rent Price: 725, Bedrooms: 3, Full Baths: 2, Occupied
Unit #19 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 625, Bedrooms: 3, Full Baths: 1, Occupied
Unit #20 – Manufactured Housing/Mobile Home, Gross Area: 980, Net Leasable Area: 980, Rent Price: 650, Bedrooms: 3, Full Baths: 1, Half Baths: 1, Occupied
Unit #21 – Manufactured Housing/Mobile Home, Gross Area: 1280, Net Leasable Area: 1280, Rent Price: 700, Bedrooms: 3, Full Baths: 2, Occupied
Unit #22 – Manufactured Housing/Mobile Home, Gross Area: 1216, Net Leasable Area: 1216, Rent Price: 625, Bedrooms: 3, Full Baths: 2, Occupied
Unit #23 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 600, Bedrooms: 2, Full Baths: 2, Occupied
Unit #24 – Manufactured Housing/Mobile Home, Gross Area: 924, Net Leasable Area: 924, Rent Price: 625, Bedrooms: 2, Full Baths: 1, Occupied
Unit #25 – Manufactured Housing/Mobile Home, Gross Area: 1020, Net Leasable Area: 1020, Rent Price: 625, Bedrooms: 3, Full Baths: 2, Occupied
Commercial Info
  • Richland Investment Propeties (Business Name)
  • Uses: Mobile home park
  • 51 Parking Spaces
  • 27 mobile homes owned by Richland Investments Properties, 25 are rentable 2 are being remodeled. There are an additional 5 mobile homes that are tenant owned and lot rent is $175.00, there are 20 vacant spaces available
Income/Expenses
  • Gross Income $204,360
  • Net Income $164,360
  • Maintainence Exp $30,000
  • Legal Exp $2,000
  • Insurance Exp $8,720
  • Heat Exp $1,800
  • Electric Exp $720
  • Water Exp $19,200
  • Misc Exp $7,560
  • Total Exp $70,000
  • Paid by Landlord: Water, Ord. Maint., Struct. Maint., Ground Maint.
Listed By
Richland County Realty
Office: 618-392-7032
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