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Property profile & analytics
OFF-MARKET
Small apartment buildings

101 Poplar St De Soto, IL 62924

Property ID
US28-3492403
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
UPID US28-3492403
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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