302 N Railroad Street Freeburg, IL 62243
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
- Property TypeCommercial
- NeighborhoodTemples Add
- CountySt Clair-Il
- Taxes$2,903
- HOA/Condo/Coop Fees$0
- Days on Site58 Days
- MLS StatusActive
- MLS ID Number23057911
- Home Size Source County Records
- Year BuiltN/A
- Lot Size0.76 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking None
- Sewer Public Sewer
- Acreage 0.76
- Water Public
- Cross Street N Main
- Property Sub Type Industrial
- Attached Garage No
- Utilities Electricity AvailableWater AvailableSewer Available
- Zoning Residential
- SqFt Above 0
Interior Features
- Cooling None
- Heating None
Exterior Features
- Road Frontage City Street
- Construction Details Pre- Fab
Community Features
- Township Freeburg