1219 20Th St Murphysboro, IL 62966
- Commercial real estate
- 4.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1219 20Th St
- Lot size
- 4.10 lot acres
- Property type
- Commercial real estate
- APN
- 09-32-451-016
- APU
- 932451016
Description
This exceptional 4.22-acre mobile home park, Meadow Vista, presents a compelling investment opportunity in Murphysboro, Illinois. Built in 1970 and licensed for 38 sites, the park currently boasts 15 occupied units, offering immediate cash flow. Nine units are tenant-owned, and seven are owned by the park and included in the sale. The park's remote management structure is streamlined, with tenant rent deposits made directly to a local bank and a resident greeter handling showings and reporting issues. Established subcontractors handle maintenance, minimizing operational overhead. Each site accommodates a single-wide mobile home with two off-street parking spaces. City water and sewer services are in place, with a master-metered water system and individual tenant sub-meters. The paved roads are in good condition. Located approximately 97 miles southeast of St. Louis and seven miles northwest of Southern Illinois University in Carbondale, the park benefits from proximity to recreational areas like Trail of Tears State Park and Shawnee National Forest, as well as Kinkaid Lake and Saint Joseph Memorial Hospital. This turnkey operation offers a strong return on investment with potential for future growth. Tenants are responsible for their own utilities (electric, gas, water, sewer, and trash). The asking price is $300,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $185,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $165,000
- Mixed-Use
- $205,000
- Hospitality
- $170,000
- Educational
- $185,000
- Residential Income
- $195,000
- Energy
- $210,000
- Income-Based Land
- $200,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Murphysboro
- County
- Jackson
- State
- Illinois
- Longitude
- -89.3477
- Latitude
- 37.7753
- CBSA code
- 16060
- CBSA name
- CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA