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About the Listing B115 - MITCH
GREAT INVESTMENT OPPORTUNITY. AS-IS - Seller will not make any repairs and inspection waiver must be part of the contract. This .76 Acres lot centrally located in the heart of Freeburg. Currently Zoned MH-1, this parcel consists of 6 mobile home lots. 2 mobile homes (304 and 310 N. Railroad) are included with this sale (older home currently rented for $490/m including the lot). Second mobile home has been significantly damaged by last owner and title was released by the court to the seller. The seller is willing to remove this unit with a full price offer or leave the unit (buyer's choice) and take $125,000. 3 lots rent for $210 per month and one currently is at $200. Those four lots have owner occupied mobile homes. All tenants are current with the exception of one, that is always behind 1 month, but always pays. Current annual income with four leased lots and one rented trailer is $15,840. Seller holds the belief that lot rental is below market value and may be increased. All current leases are month to month. Seller is currently paying approximately $500 per year for insurance. Taxes 2024 were $3097 per year. Each tenant mows their own lawn and pays their own utilities. 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 low maintenance property. If damaged trailer is removed, it can be replaced by buyer. Great ROI. Manufacture dates of mobile homes are unknown at this time, as are room sizes. Rent ledger is available. Seller will attempt to answer all questions.
Listing Highlights for 302 N Railroad St
Status
Active With Contingency
Days on Site
28
Property Type
Residential
MLS ®
25067685
Year Built
1980
Total Square Footage
800
Lot/Acreage
0.76
County
St. Clair
Neighborhood
Temples Add
School District
Freeburg DIST 70
Elementary School
Freeburg Dist 70
Middle School
Freeburg Dist 70
High School
Freeburg
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 100
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Cleared,Level
- Garage Capacity: N/A
- Lot Dimensions: 0.76
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $2,903
- Taxes w/Assessments: N/A
- Tax/Property ID: 14-19.0-410-018
- Tax Year: 2022
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Listing Location
Questions About..
302 N Railroad St Freeburg, IL 62243
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