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750 South Moreland Road

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Address: 750 South Moreland Rd, Bethalto, IL 62010, USA

Chicago & Midwest + Apartment Buildings

Created date: May 20, 2024

Date last updated: September 28, 2024

89 Site MHC & RV Community with 95% Current Occupancy
Municipal Water & Sewer that is Submetered and billed based on Usage
Strong demand from long-term RV stays and MHC tenants working at the Wood River Oil Refinery, located 5 miles away, producing 200K barrels per day.
Additional demand generators include the St. Louis Regional Airport, Walmart, and various retail & restaurants.
Onsite manager in place, with below-market rental rates offering operational occupancy upside for a new owner.

Property Description

Sunstone is pleased to present for sale Kickapoo Village Mobile Home & RV Community located in the St. Louis MSA market of Bethalto, Illinois. The property contains 89 rentable sites catering to manufactured homes and 30+ day RV stays. Located near the Bethalto commercial district and economic demand drivers like the Wood River Oil Refinery and St. Louis regional airport, the community offers quiet living close to resource and job opportunities. The property is currently 95% occupied with below average rental rates for the area offering a new owner operational upside to increase both occupancy and rents. Water and sewer service is municipal and is being billed back based upon submetered usage. Electricity service is billed back to RV tenants only; mobile home units pay directly to the utility provider. The community has onsite management and maintenance that run the day to day operations.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,799,000
No. of Units:	89
Lot Size:	1.00 Sq ft
Opportunity Zone:	No
Price per unit:	$42,685
Property Website	Click Here