302 Railroad Street Freeburg, IL 62243

$145,000
302 Railroad Street Freeburg, IL 62243
0 Square Feet
Tax History: $2903 - 2022
Estimated Payment: $687 Per Month*
Based on a 30-year fixed rate of 5.88% with 20% down. [ Change ]
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Property Description

$145,000  , Located in TEMPLES ADD,  FREEBURG.   ZIP Code: 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
This property is located on 0.76 Acre(s).

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Main Features:
Approximate lot size is 1 Acre(s)
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MLS#: 23057911
Listing ID: 46135
Updated: 211 days ago
Days on site: 33 days

Listing provided by

Tammy Hines
Tammy Mitchell Hines & Co.
* The Estimated Payment is offered as a tool for your convenience and is not an offer of credit. Actual mortgage rates and fees vary depending on your lender. Please check with your local lender for accurate mortgage rate information.

Note: Broker may not have reviewed or approved listing. All information that is provided by the listing agent/broker is deemed reliable but it is not guaranteed and should always be independently verified.

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Phone: 618-560-8201
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