REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Oct

Fri

Oct

Sat

Oct

David Cisler

david@cisler.com +1(618) 781-1745

$ 128,000

Est. payment -/mo

Save

New

302 N Railroad ST Freeburg, IL 62243

800 SqFt

UPDATED:

Key Details

Property Type Manufactured Home

Sub Type Manufactured Home

Listing Status Active

Purchase Type For Sale

Square Footage 800 sqft

Price per Sqft $160

Subdivision Temples Add

MLS Listing ID 25067685

Style Other

Year Built 1980

Annual Tax Amount $2,903

Lot Size 0.760 Acres

Acres 0.76

Lot Dimensions 0.76

Property Sub-Type Manufactured Home

Property Description

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.

Location

State IL

County St. Clair

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features false

Utilities Available Electricity Available, Natural Gas Available

View Y/N No

Building

Lot Description Cleared, Level, Other

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Metal Siding

Schools

Elementary Schools Freeburg Dist 70

Middle Schools Freeburg Dist 70

High Schools Freeburg

School District Freeburg Dist 70

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listing As Is

Listed by Tammy Hines • Tammy Mitchell Hines & Co.

David Cisler

Managing Broker / Appraiser | License ID: 471.003145

+1(618) 781-1745

GET MORE INFORMATION

QUICK GENERAL SEARCH

David Cisler

302 N Railroad ST Freeburg, IL 62243

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

302 N Railroad ST