1A Parktown Dr Granite City, IL 62040

This exceptional investment opportunity presents an 81-unit mobile home park and apartment building complex situated on 8.3 acres in Granite City, Illinois. Currently operating at 51% occupancy, the property boasts a Net Operating Income (NOI) of approximately $136,000. A significant value-add potential exists, with projections indicating a stabilized NOI of approximately $311,000 upon reaching full occupancy. The property features some of the lowest lot rents in the area, offering affordable housing in a safe, clean, and quiet environment. Its strategic location, just 15 minutes from downtown St. Louis, Missouri, provides convenient access to a wealth of employment and retail opportunities. The surrounding area is densely populated, with approximately 200,000 residents within a 10-mile radius, boasting an average household income of $60,000. This multifamily and RV park property presents a compelling investment opportunity with substantial upside potential for a savvy investor. The property is being offered via auction sale. Detailed financial information and property specifics are available upon request.