302 N Railroad Street, Freeburg, IL 62243
- $149,900
- List Price
- $149,900
- Days on Market
- 63
- MLS#
- MAR23057911
- Status
- ACTIVE
- Lot Size
- 33,106
- Acres
- 0.76
- Subdivision
- Temples Add
- Municipality
- Freeburg
- County
- St Clair-IL
- Listing Type
- Commercial
Property Description
INVESTMENT OPPORTUNITY. This .76 Acres lot centrally located in the heart of Freeburg. Currently Zoned MH-1, this parcel consists of 6 mobile home lots. 1 mobile home is included with this sale (older home currently rented for $480 including the lot). 5 other lots have owner occupied mobile homes and pay lot rent at a rate of $200 per month. Current annual income is $17,760 with the belief that lot rental is below market value and may be increased. Seller is currently paying approximately $500 per year for insurance. Taxes are approximately $2600 per year. Each tenant mows their own lawn. All streets are city owned and maintained. Owner is responsible for sewer lines from the mobile home to the city street as is electricity from pole. One sewer line was replaced and one pole was replaced by seller over 10 years ago. Seller considers this a maintenance free property. Great ROI
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Additional Information
- Construction
- Pre-Fab
- Parking Description
- None
- Cooling
- None
- Sewer
- Public Sewer
- Heating
- None
- Water
- Public
- Taxes Paid
- 2903
- Selling Terms
- Cash Only, Conventional
- Buyers Agent Commission
- 2.5
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Listing courtesy of Tammy Mitchell Hines & Co..
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
