NOT LISTED FOR SALE

103 Hollyhock Ln Metamora, IL 61548

66 Beds
44 Baths
-- Sq Ft
39 Acres

Last Sold December 13, 2019

Last sale price $1,250,000

104 Days on Market

About This Home

As of December 2019

This is a beautiful 134 pad mobile home park that is adjacent to Lake Wildwind in a relaxed rural setting, located on approximately 40.00 acres in rural Metamora, IL (Peoria Metro). The park is on well water and has its own waste water treatment plant. Each pad has its own electric meter. The road is asphalt and in average shape. The park has had only two absentee owners in the past 20+ years. The present owner is in his 70's and wants to retire. This is a terrific opportunity to take this park to the next level and improve upon its already impressive adjusted ordinary income of over $115,000 annually!

Last Agent to Sell the Property

Jon Fisher

MR. LANDMAN License #471020503 Listed on: 06/25/2019

Last Buyer's Agent

Jon Fisher

MR. LANDMAN License #471020503 Listed on: 06/25/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 39

Community Details

  • Insurance Expense $12,976

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: COMMR
  • Estimated Age: 36-50 Years
  • Net Oper Income: 116955
  • Repairs Decor Expense: 35101
  • Scavenger Expense: 8947
  • Total Annual Exp: 115016
  • Total Annual Income: 231971
  • Total Monthly Income: 19330
  • Number Of Stories: 1
  • Estimated Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1966

Exterior Features

  • Acreage: 39.39
  • Frontage Access: County Road

Garage/Parking

  • Number Of Parking Spaces: 270

Utilities

  • Heatventilation: Central Heat/Indiv Controls, Electric, Forced Air

Condo/Co-op/Association

  • Units in Building: 22

Fee Information

  • Electricity Expense: 15880

Lot Info

  • Lot Dimensions: 39.39 ACRES
  • Lot Sq Ft: 1715828
  • Parcel Identification Number: 0809200020

Rental Info

  • Gross Rental Income: 231971
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Insurance Expense: 12976
  • Other Expenses: 31511

Tax Info

  • Taxes: 20436

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $1,250,000 -10.7% --
10/07/2019 10/07/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $1,400,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10429496

Midwest Real Estate Data (MRED)