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353 W Monroe Street Monticello, IL 61856
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Key Details
Sold Price $250,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $104
MLS Listing ID 10702476
Sold Date 12/04/20
Year Built 1960
Annual Tax Amount $3,727
Tax Year 2018
Lot Size 1.380 Acres
Lot Dimensions 150 X 445
Property Description
PERFECT investment opportunity for new or smaller investors!!! This clean little "mom & pop" park sits on (1.38 acres) in beautiful Monticello, IL. This is a 17 pad unit that is currently at 70% capacity and has good cash flow...and some upside to it as well. All of the trailers in the park are owned by the tenants. The park sits in the southwest corner of Monticello just blocks away from the high school & athletic facilities. The park is serviced by city water & sewer, the underground pipes have been replaced recently, and the roads are in good condition. The park has NO EASEMENT on the west side of the property, but a possibly long-term lease with the railroad is a possibility. The owner has owned the park for nearly 25 years and would like to find a new owner who will take care of his long-term tenants that he has grown fond of.
Location
State IL
County Piatt
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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Bought with Jon Fisher • MR. LANDMAN
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