950 N Us Highway 45, TUSCOLA IL 61953 Photo 1 950 N Us Highway 45, TUSCOLA IL 61953 Photo 2 950 N Us Highway 45, TUSCOLA IL 61953 Photo 3 950 N Us Highway 45, TUSCOLA IL 61953 Photo 4 950 N Us Highway 45, TUSCOLA IL 61953 Photo 5 950 N Us Highway 45, TUSCOLA IL 61953 Photo 6 950 N Us Highway 45, TUSCOLA IL 61953 Photo 7 950 N Us Highway 45, TUSCOLA IL 61953 Photo 8
Listing Courtesy of Coldwell Banker the R.E. Group

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Virtual Tour
950 N Us Highway 45 - If you're looking for a park to come in and fix up...this one's not for you. This is without a doubt the most professionally managed MHP that I have come across in my time as a broker. Pad rental income alone has risen 266% since the current owner purchased the park back in 2006. The owner has recently decided to retire and travel the country. Tuscola is NOT your typical small Illinois farm town. Although only boasting a population of around 10,000 residents, it offers some very unique characteristics. First off it is rich in transportation assets due to its centralized location. It is positioned at the Intersection of Interstate 57, US Hwy 36, & US Hwy 45. It is centrally located between the larger communities of Champaign, Decatur, and Mattoon-Charleston. Tuscola is home to a Tanger Outlet Mall, and also has several large industrial enterprises.

Listing information

  • MLS® ID: 10110390
  • Status: Active
  • New Construction: No
  • Lot Size: 8 ACRES
  • Style: Multi-Family
  • Stories: 1
  • Foreclosure: No
  • Estimated Annual Taxes: $5,349
  • Year Built: 1970
  • Parking Type Description: None 0 cars
  • Lot Area: 8.00 Acres
  • County: Douglas

Features

Approximate Age 36-50 Years
Built Before 1978 (Y/N) Yes
Current Use Residential-Multi-Family
Franchisor Feed(y/n) No
Frontage/Access State Road
Heat/Ventilation None
Information None
Other # Of Units - 42, Electricity Expense - 10746, Expense Year - 2017, Fuel Expense - 699, Gross Rent Multiplier - 8.93, Gross Rental Income $ - 14931, Insurance Expense - 6507, Janitor Expense - 0, Net Oper Income $ - 12545, Net Operating Income Year - 2017, Other Expenses - 8020, Repairs-Decor Expense - 6527, Scavenger Expense - 5004, Tax Year - 2017, Total Annual Exp - 53693, Total Annual Income - 179174, Total Monthly Income - 10454, Township - Tuscola, Water Expense - 10871, Zoning Type - Commr
Ownership Type Sole Proprietor
Possession Closing
Potential Use Residential-Multi-Family, Residential-Single Family
Property Type Multi Family 5+
Sale Terms Owner May Help/Assist
Tenant Pays Air Conditioning, Electric, Heat, Varies by Tenant, Water/Sewer
Type Multi-Family Other
Unincorporated (Y/N) No
Listing Courtesy of Coldwell Banker the R.E. Group