Value-add opportunity with this mobile home park located on a spacious 17.25-acre.This property offers 18 mobile home pads, with 8 mobile homes currently on-site, providing immediate rental income and room for substantial expansion. Ample space for growth, additional pads, or redevelopment potential. 18 Mobile Home Pads: Currently 8 of the pads are occupied with homes, leaving room to develop and add more units to maximize returns. Utilities in Place: The site is equipped with necessary utilities, making it ready for immediate improvements or additional homes. Value-Add Potential: Significant opportunity for increasing revenue through infill of vacant pads and upgrading existing infrastructure. Convenient Location: Located in a quiet, with close proximity to major roadways and local amenities.With a mix of current income and tremendous upside potential, this mobile home park is ideal for investors looking for a hands-on project with room to grow.
Property Details
Price:
$275,000
MLS #:
6247472
Status:
Active
Beds:
0
Baths:
0
Address:
2495 Hill Avenue
Type:
Commercial
Subtype:
Other
City:
Decatur
Listed Date:
Nov 11, 2024
State:
IL
ZIP:
62526
Lot Size:
751,410 sqft / 17.25 acres (approx)
Year Built:
1959
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Schools
Interior
Appliances
Water Heater
Cooling
None
Heating
Other
Exterior
Parking Spots
18
Financial
Tax Year
2023
Taxes
$2,587
Map
Community
- Address2495 Hill Avenue Decatur IL
- CityDecatur
- CountyMacon
- Zip Code62526
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Courtesy of Vieweg RE/Better Homes & Gardens Real Estate-Service First. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Carol Spracklen include the name of the listing broker. Neither the listing company nor Carol Spracklen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. . All rights reserved.
2495 Hill Avenue
Decatur, IL
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