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.
Mobile Home Parks
Rolling Meadows Mobile Home Park for Sale
|Number of MH Lots:||76|
|Purchase Method:||Seller Financing|
|Posted on:||May 09, 2014|
|Updated on:||Jul 23, 2014|
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.