Projects in Development

Northern Illinois Realty Acquisitions, LLC   “NIRA”  does not limit it earnings to residential alone. From time to time NIRA comes across commercial deals that after careful consideration will write an offer. One of the ways to fund these projects in whole or in part by way of down payment is through syndicated financing. Lets us know what assest class appeals to you by contacting us here.


Multi-Family

mobile-home-park

Multi-family residential is a classification of housing where multiple separate housing units for residential (i.e. non-commercial) inhabitants are contained within one building or several buildings within one complex. Follow us on twitter to see when the next opportunity shores up.

Mobile Home Parks

mobile-home-park

Rolling Meadows Mobile Home Park for Sale

Number of MH Lots: 76
Size: 13 acre(s)
Purchase Method: Seller Financing
Status: Active
Property ID: 443706
Posted on: May 09, 2014
Updated on: Jul 23, 2014
Price: $249,000

Property Description

Rolling Meadows is a 76 site mobile home park located in Abingdon, IL.

There is an opportunity with Rolling Meadows to earn a HUGE return on investment!

The homes that are included in the sale may be sold or even given to prospective residents.
Another option is to rehab and rent the homes. The additional lot rent works out to a capitalization rate of 23%!!
With marketing and rehabbing homes, Rolling Meadows has substantial occupancy upside!

City water, city sewer.
Sub-metered for water and sewer.
Residents pay water and sewer.
Asphalt streets in average condition.
8.37 acres, plus 4.57 acres for development ground (could develop storage garages).
31 vacant community owned homes.
12 resident / owner occupied homes includes 1 rent to own home.
33 vacant sites.

Commercial Retail

Office Buildings

Parking Garage

Land Planning and Development

Hotels and Entertainment

Light and Heavy Industrial