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302 N Railroad Street

Freeburg, IL 62243
  • $149,900
  • STATUS: Active
  • ON SITE: 65 Days
  • ID#: 23074288
UPDATED: 52 min ago
$149,900
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

GREAT 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

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-02-25T09:39:41.013.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
www.beckyoneill.com/homes/146188595
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302 N Railroad Street Freeburg, IL 62243

  • Price: $149,900
  • Status: Active
  • On Site: 65 Days
  • Updated: 52 min ago
  • ID#: 23074288
0
Beds
0
Baths
0
½ Baths
0.76
Acres
Neighborhood:
Temples Add
County:
St Clair
Elementary School:
Freeburg Dist 70
Middle School:
Freeburg Dist 70
High School:
Freeburg
School District:
Freeburg Dist 70
Property Description
GREAT 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
Exterior Features

Foliage Other Lot Features Level Lot Lot Size Dimensions 0.76 Lot Size Source County Records Other Structures Mobile Home Road Frontage Type OtherCity Street Road Surface Type Asphalt Topography Cleared

Property Features

Association Southwestern Illinois Board of REALTORS Cross Street N Main Current Financing Cash OnlyConventional Development Status No Development Disclosures UnknownFlood Plain No Documents Available Aerial Photos Improvements None Ownership Private Possession Close Of Escrow Property Sub Type Residential Lots Property Sub Type Additional Mobile Home Park Restrictions None Sewer Public Sewer Special Listing Conditions No ExemptionsNone Tax Annual Amount 2903 Tax Year 2022 Transaction Type Sale Utilities Electricity AvailableGas to Site Water Source Public Zoning Residential

Listing provided courtesy of Tammy Mitchell Hines & Co.: 2813959. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-02-25T09:39:41.013.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
 
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