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302 N Railroad Street

Freeburg, IL 62243
  • $138,000
  • STATUS: Active
  • ON SITE: 300 Days
  • ID#: 23057911
UPDATED: 85 min ago
$138,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

INVESTMENT OPPORTUNITY. This .76 Acres lot centrally located in the heart of Freeburg. Currently Zoned MH-1, this parcel consists of 6 mobile home lots. 1 mobile home is included with this sale (older home currently rented for $490 including the lot). 5 other lots have owner occupied mobile homes and pay lot rent at a rate of $210 per month. Current annual income is $18480 with the belief that lot rental is below market value and may be increased. Seller is currently paying approximately $500 per year for insurance. Taxes are approximately $2600 per year. Each tenant mows their own lawn. All streets are city owned and maintained. Owner is responsible for sewer lines from the mobile home to the city street as is electricity from pole. One sewer line was replaced and one pole was replaced by seller over 10 years ago. Seller considers this a maintenance free property. Great ROI

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-07-23T15:39:24.33.

Fusion Realty, LLC: 618.781.9170
www.fusionrealtyhomes.com/homes/143733033
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302 N Railroad Street Freeburg, IL 62243

  • Price: $138,000
  • Status: Active
  • On Site: 300 Days
  • Updated: 85 min ago
  • ID#: 23057911
0
Beds
0
Baths
0
½ Baths
0.76
Acres
Neighborhood:
Temples Add
County:
St Clair
Property Description
INVESTMENT OPPORTUNITY. This .76 Acres lot centrally located in the heart of Freeburg. Currently Zoned MH-1, this parcel consists of 6 mobile home lots. 1 mobile home is included with this sale (older home currently rented for $490 including the lot). 5 other lots have owner occupied mobile homes and pay lot rent at a rate of $210 per month. Current annual income is $18480 with the belief that lot rental is below market value and may be increased. Seller is currently paying approximately $500 per year for insurance. Taxes are approximately $2600 per year. Each tenant mows their own lawn. All streets are city owned and maintained. Owner is responsible for sewer lines from the mobile home to the city street as is electricity from pole. One sewer line was replaced and one pole was replaced by seller over 10 years ago. Seller considers this a maintenance free property. Great ROI
Exterior Features

Attached Garage YN No Construction Materials Pre-Fab Lot Size Source County Records Parking Features None Road Frontage Type City Street Unit Location Other

Interior Features

Above Grade Finished Area Source Owner Building Square Footage 0.00 Cooling None Heating None Heating YN Yes

Property Features

Association Southwestern Illinois Board of REALTORS Commercial Type Multi-Family LandOther Cross Street N Main Current Financing Cash OnlyConventional Current Use NoneManuf. Home ParkOther Development Status Unknown Disclosures UnknownFlood Plain No Documents Available Aerial Photos Electric Other Inclusions Personal Property Net Operating Income 0 Possession Close Of Escrow Possible Use Manuf. Home ParkOther Property Sub Type Commercial & Indr. Sewer Public Sewer Special Listing Conditions No ExemptionsNone Tax Annual Amount 2903 Tax Year 2022 Transaction Type Sale Utilities Electricity AvailableGas to SiteWater AvailableSewer Available Water Source Public Zoning Residential

Listing provided courtesy of Tammy Mitchell Hines & Co.: 2813959. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-07-23T15:39:24.33.

Fusion Realty, LLC: 618.781.9170
 
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