220 N Poplar Street Ludlow, IL 60949

$299,000

Active / MLS# 12781711 / Commercial - Investment / Ludlow

0 Beds

Ludlow Mobile Home Park is an 11-pad community with an impressive 12.8 in-place cap rate. This park is generating $5590/month in revenue. All 11 homes are tenant owned (with 3 currently on seller financing), reducing operational and maintenance responsibilities for the park owner. The park is licensed for 12 pads and has an existing single-family home on-site in need of renovations. Renovate the SFH and add a 12th pad to drive yields even higher or operate it as-is. Conveniently located near I-57 and Hwy 45, the park offers easy access to employment hubs in Rantoul, Paxton, and the Champaign-Urbana metro.

Property Details

Property Type: Commercial - Investment

Cooling: Window Unit(s)

Lot Size: 1.18 Acres

Stories: 2.0

Taxes: $3,412

Feature Descriptions

Lot Dimensions: 280x180

Parcel#: 140301456003

Location

See details and scored characteristics about this location.

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