426 E Jefferson ST Anna, IL 62906

Anna Mobile Home Park sits on 2.26 acres in Anna, IL. The park is located in a nice location in town next to the golf course, and it is also near Anna City Park. The park is on city water & city sewer. Each pad has its own electric meters, water meters, & gas meters. The road going thru the park is asphalt and is in fairly decent condition (it does have a few holes that will need fixed). Each pad has 200 amp electrical service. The tenants currently mow their own spaces. The park is currently distressed and the asking price reflects the current income rate of the park. The park was appraised for $285,000 using the sales comparison approach in 2012, $300,000 using the cost approach, and $309,000 using the income approach. There are currently 13 park owned homes that are habitable. There are six park owned homes that need removed. Two tenants are renting pads. One lot is vacant. Value added investment opportunity here!