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Patch Place Manufactured Home Community 2735 S 14th St 47 Unit Mobile Home Park For Sale Springfield, IL 62703

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INVESTMENT HIGHLIGHTS

  • Bankruptcy Sale – Mobile Home Community Located in Springfield, IL
  • Buyers for Individual Communities and Portfolio Buyers Welcome
  • All transactions are subject to approval of the U.S. Bankruptcy Court for the Eastern District of North Carolina, lead case no. 24-3435-5-PMW
  • Part of Portfolio of Eight (8) Available Communities in and around Springfield, IL
  • NDA for financials and additional due diligence data available upon request

EXECUTIVE SUMMARY

Bankruptcy Sale – Mobile Home Community Located in Springfield, IL
Patch Place Manufactured Home Community, located in Springfield, Illinois, offers residents a comfortable and affordable living environment. The community features well-maintained manufactured homes and spacious lots, catering to a variety of housing needs. Amenities include on-site management and pet-friendly policies, fostering a welcoming atmosphere for all residents. Its convenient location provides easy access to local attractions, shopping centers, and dining options, enhancing the overall living experience.
Site Count: 47
Community Owned Homes Count: 47
The property was redeveloped in 2020 with new infrastructure including water and drainage systems, electrical systems, roads and pad sites.
Located within close proximity to major commercial and medical services as well as employment opportunities.
Tenants are responsible for all utility cost through direct billing.
Currently no rent control policies impacting the subject property.

PROPERTY FACTS

Sale Type Investment
Sale Conditions
Distress Sale
  • Bulk/Portfolio Sale
No. Units 47
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Low-Rise
Building Class C
Lot Size 3.52 AC
Building Size 8,000 SF
No. Stories 1
Year Built 2020
Zoning C - Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-10.0-253-021
Land Assessment
$115,738 CAD
Improvements Assessment
$25,013 CAD
Total Assessment
$140,751 CAD
  • Listing ID: 35102291

  • Date on Market: 2025-03-11

  • Last Updated:

  • Address: 2735 S 14th St, Springfield, IL 62703

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