Investment Opportunity – 25 Pad Mobile Home Park (Seller Financing)
Located at 904 17th St in Charleston, Illinois, this 25-pad mobile home park with city water and sewer offers a rare opportunity to control a large value-add asset with only $20,000 down through existing seller financing. The park currently has 6 tenant-owned homes producing $1,500 per month in lot rent, already covering the approximately $775 monthly payment, providing immediate positive cash flow. With 19 vacant pads ready for infill, the upside is significant. At market lot rents around $400 per pad, the property has the potential to generate $10,000 per month, with even greater upside through a park-owned home strategy reaching as much as $20,000 per month. Opportunities to acquire a park at under $10,000 per pad with financing in place are extremely rare.