220 N Poplar Street, Ludlow, IL

$299,000

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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

OfficeEllsbury Group LLC

Listing Map

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