302 Railroad Street, Freeburg | IL 62243 - MLS # 23057911

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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MLS#: 23057911
Listing ID: 46135
Updated: 215 days ago
Days on site: 38 days

Listing provided by

Tammy Hines

Tammy Mitchell Hines & Co.

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