700 Gold River Ave

Expired Multi-Family for Sale
Catylist Listing ID: 30144899
Property Subtypes: Mobile Home Park
Number of Units: 31 Units
Building Size (RSF): 454,766 SF
Gross Building Area: See Agent
Gross Land Area: 10.44 Acres
Sale Price: $110,000
Unit Price: $3,548.39 Per Unit
Property Use Type: Investment
Building Name: Timberlane Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2017

Overview / Comments

Mobile Home Park with 31 spaces - 15 spaces are rented to mobile home owners (1 at $275 and 14 at $300) and 16 owned mobile homes (7 are rented, 8 owned and vacant that need work). One is burned and cannot be replaced.

Park is currently under a Dept. of Public Health order, filed July 27, 2017, to deny the mobile home license and repairs must be done soon to prevent this from happening. Asking price has been reduced from $275,000 to $110,000 but it must sell soon. Price will need to be firm in order to clear the title.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $7,452 (Annual)
Assessed Value - Total($) $63,848 (Annual)
Lender Name None

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 15-19-251-002; 15-19-401-041; 15-19-401-037
Zoning: AGRICULTURE WITH SPOCIAL USE
Property Located Between: Rockford and Byron
Highway Access: Route 2 Frontage
Airports: Chicago - Rockford
Site Description: Mobile Home Park
Total Number of Buildings: 31
Property Condition: Poor
Total Parking Spaces: 48
Zoning Description: Agriculture with Spocial use
Water Service: Well
Sewer Type: Septic

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,514 24,629
Median Age: 44.48 35.49
Households: 1,335 9,267

Contact

Photograph of Listing Agent

Richard Eckburg

Key Realty, Inc ICEx Member
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