$445,000 Calculate Payment
4808 Paradise Road Mattoon, IL 61938
9.55 Acre Lot
Time on Site
Days on Market
Lakeland Estates is a 91 pad mobile home park that sits on 9.55 acres in Mattoon, IL, just west of Lakeland Community College and Interstate 57. Mattoon-Charleston has approximately 40,000 residents. Charleston is roughly 10 minutes away from Lakeland Estates and is home to Eastern Illinois Univer...sity and its 7,000 students. Lakeland Community College is less than a mile away and has over 5,000 students. Lakeland and EIU together employ over 3,000 local residents. Other key employers include Sarah Bush hospital, Rural King Corporate, & Consolidated Communications. Of the 91 pads in Lakeland Estates, 28 are currently occupied (31% occupancy rate). The park is on CITY WATER & CITY SEWER! The park currently has 24 TOH's that are paying $230/month. The park has 4 POH's that are paying $530/month. Rent has not been increased in over three years. Each pad has its own electric, water, & gas meters. The park pays the water/sewer and charges back to tenants. Continue reading
Exterior / Lot Features
310 X 2633
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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More