About 220 N Poplar Street
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.
Features of 220 N Poplar Street
| MLS® # | 12781711 |
|---|---|
| Price | $299,000 |
| Bathrooms | 0.00 |
| Type | Business Opportunity |
| Sub-Type | Bus / Bus w/Real Est |
| Status | New |
Community Information
| Address | 220 N Poplar Street |
|---|---|
| Area | Northern Champaign County / Ford County |
| City | Ludlow |
| County | Champaign |
| State | IL |
| Zip Code | 60949 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Fireplace | No |
| Has Basement | No |
Additional Information
| Days on Market | 2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Ellsbury Group LLC |
|---|