877-473-2018

Property Peddler inc.

302 Railroad Freeburg IL 62243

302 Railroad Freeburg IL 62243

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$140,000.00 Freeburg, IL 62243
  • 0.76 Acres
  • St. Clair County

Description

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

Key Features

  • Property Type Commercial
  • Acres 0.76 Acres
  • Minerals Call for more info
  • MLS # 23057911

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All information provided through this website was obtained from sources deemed reliable; however, Property Peddler Inc. make no guarantees of the accuracy of information. All sketches and dimensions on this website are approximate and should be verified. All acreages are approximate and have been based on aerial photography, tax maps, or plat maps and are in no way guaranteed and the buyer might consider for it to be confirmed by a licensed surveyor.

Prospective buyers should rely on their personal inspection and/or the inspections of a professional property inspector for the condition of the property. As for the title work, it is the responsibility of the buyer and/or the buyer’s attorney to inspect. We suggest prospective buyers do their due diligence regarding their purchase. Neither the seller nor Property Peddler Inc. assumes liability for the accuracy, errors, or omissions. Seller reserves the right to refuse any and all offers submitted and may withdraw the property from offering without notice.

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