For Sale
$275,000

2495 Hill Ave Decatur, IL 62526

17 Acres, 18 Pads, Value-Add

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional value-add opportunity presents a 17.25-acre mobile home park in Decatur, Illinois, at 2495 N Hill Ave. The property boasts 18 pads, currently housing 8 mobile homes, generating a net operating income (NOI) of $17,813. This translates to a strong cash flow with significant upside potential. The substantial lot size offers ample room for expansion, allowing for the addition of more mobile homes to maximize rental income. Existing utilities are in place, simplifying any improvements or additions. The park's location in Decatur provides convenient access to major roadways and local amenities, catering to the demand for affordable housing in a densely populated area. This property is an ideal investment for those seeking a hands-on project with considerable growth potential. The asking price is $275,000. The property's parcel number is 04-12-04-278-001. The property is classified as Class D.

Highlights

  • 17.25-acre mobile home park in Decatur, IL, with 18 pads and 8 occupied mobile homes.
  • $17,813 annual net operating income (NOI) and significant upside potential.
  • Large lot size allows for expansion and increased rental income.
  • Convenient location near major roadways and amenities in a densely populated area.
  • Asking price: $275,000; Parcel #: 04-12-04-278-001; Class D property.

Property Details for 2495 Hill Ave

Property type
Mobile home & RV parks
Class
D
Buildings
8
Lot Size (sq. ft)
751,410 SF
Units
10

Location Insight

City
Decatur
County
Macon
State
Illinois
Latitude
39.868663076835
Longitude
-88.973037850326

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FAQs

What type of property is this?
Mobile home & RV park - 17 Acres, 18 Pads, Value-Add
Where is the mobile home & rv park located?
The property is located at 2495 Hill Ave Decatur, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 17.25-acre mobile home park in Decatur, IL, with 18 pads and 8 occupied mobile homes.; $17,813 annual net operating income (NOI) and significant upside potential.; Large lot size allows for expansion and increased rental income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Cole Babcock
Cole Babcock
Visit Broker Website

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Hill Ave
Decatur, IL 62526

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Hill Ave
Decatur, IL 62526

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2495 Hill Ave
  • Cole Babcock
    Cole Babcock
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