302 N Railroad Street, Freeburg, IL 62243

$140,000
List Price
$140,000
Price Change
▼ $5,000 1715727777
Days on Market
238
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 $490 including the lot). 5 other lots have owner occupied mobile homes and pay lot rent at a rate of $210 per month. Current annual income is $18480 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

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..

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