101 Poplar StDe Soto, IL 62924

For Sale
$95,000

High-cash-flow 8-unit mobile home park in Illinois.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents an 8-unit mobile home park situated on six plots of land in De Soto, Illinois, at 101 Poplar Street, zip code 62924. Priced at $95,000, this property offers significant potential for immediate and future income generation. Currently, the park includes two vacant lots with utilities already in place, ready for immediate occupancy and increased revenue. Three landlord-owned trailers are on-site; one is currently rented, one is ready for rental (with inquiries already received), and one is used for storage but could be renovated for rental income. Three additional lots are occupied by tenant-owned trailers, generating consistent monthly lot rent. One of these tenant-owned trailers is expected to be sold soon, further enhancing the property's income potential. This mobile home park is one of the few state-registered parks in the area, providing a competitive advantage. This property is ideal for both seasoned and new investors seeking a strong return on investment with significant upside potential. The property's location in Jackson County, Illinois, offers easy access to local amenities and transportation. This is a turnkey operation with immediate cash flow and the potential for significant growth.

Highlights

  • $95,000 asking price for an eight-unit multifamily property.
  • Located at 101 Poplar Street, De Soto, IL 62924.
  • Property consists of land with eight spaces, including six plots with existing mobile homes and two vacant, ready-to-rent spaces.
  • Includes three landlord-owned mobile homes: one rented, one rent-ready, and one used for storage with rental potential.
  • Three tenant-owned mobile homes generate monthly lot rent, with one soon to be available for sale.

Property Details for 101 Poplar St

Property type
Multifamily properties, Apartment buildings
Units
8

Location Insight

City
De Soto
County
Jackson
State
Illinois
Latitude
37.8158788
Longitude
-89.2242011
101 Poplar St, De Soto, Illinois
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101 Poplar St
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