Property overview
Portfolio is located in northern Illinois in the Bloomington MSA.
The current owner has made significant improvements to the homes over the last 5 years. The majority of homes have been updated with new windows, hot water heaters, furnaces, roof coating, kitchen and bathroom remodels, electrical, plumbing, painted exteriors and new skirting. Both properties are on municipal water and sewer, allowing the opportunity for a new owner to install meters to billback water and sewer to the residents and significantly increase the NOI.
MHRE Confidential Portfolio #239
Illinois
Property Summary
| Total Sites | 70+ |
| Land (Acres) + | 5.84 |
| Occupancy | 63% |
| Average Rent/Site | $350 |
OFFERING SUMMARY
| Community Price | $1,025,000 |
| Community Owned Homes & Notes | $0 |
| Total Investment | $1,025,000 |
