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612 W Vine St - King City Mobile Home Park 1.38 Acres of Residential Land Offered at $657,210 CAD in Le Roy, IL 61752
Investment Highlights
- Strong Established Park
- Stable Cash Flow
Executive Summary
King City Mobile Home Park in St. Leroy, Illinois
King City Mobile Home Park is a strong, cash-flowing mobile home community located in the quiet and stable town of St. Leroy, Illinois. This 22-space park offers immediate income and a simple, straightforward investment profile.
The community includes 22 total spaces, with 20 pads currently occupied. The park features 4 park-owned homes, 14 tenant-owned homes, and 2 rent-to-own homes, all generating consistent monthly income. In addition, there are 2 vacant lots that a buyer could infill with new homes, providing a clear opportunity for future growth.
The property is performing at an attractive 11.8% cap rate as it stands today, offering strong returns as it stands. King City Mobile Home Park is a great fit for new and seasoned investors alike seeking stable cash flow in a well-established rural market.
King City Mobile Home Park is a strong, cash-flowing mobile home community located in the quiet and stable town of St. Leroy, Illinois. This 22-space park offers immediate income and a simple, straightforward investment profile.
The community includes 22 total spaces, with 20 pads currently occupied. The park features 4 park-owned homes, 14 tenant-owned homes, and 2 rent-to-own homes, all generating consistent monthly income. In addition, there are 2 vacant lots that a buyer could infill with new homes, providing a clear opportunity for future growth.
The property is performing at an attractive 11.8% cap rate as it stands today, offering strong returns as it stands. King City Mobile Home Park is a great fit for new and seasoned investors alike seeking stable cash flow in a well-established rural market.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$128,974
|
$69,550.07
|
| Other Income |
$24,905
|
$13,430.11
|
| Vacancy Loss |
$12,176
|
$6,565.83
|
| Effective Gross Income |
$141,703
|
$76,414.35
|
| Taxes |
$2,075
|
$1,119.18
|
| Operating Expenses |
$61,909
|
$33,385.02
|
| Total Expenses |
$63,985
|
$34,504.20
|
| Net Operating Income |
$77,718
|
$41,910.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $128,974 |
| Annual Per AC | $69,550.07 |
| Other Income (CAD) | |
|---|---|
| Annual | $24,905 |
| Annual Per AC | $13,430.11 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,176 |
| Annual Per AC | $6,565.83 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $141,703 |
| Annual Per AC | $76,414.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,075 |
| Annual Per AC | $1,119.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $61,909 |
| Annual Per AC | $33,385.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $63,985 |
| Annual Per AC | $34,504.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $77,718 |
| Annual Per AC | $41,910.16 |
Property Facts
| Price | $657,210 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.85 AC |
| Property Type | Land |
| Price | $657,210 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.85 AC |
1 Lot Available
Lot
| Price | $657,210 CAD | Lot Size | 1.38 AC |
| Price Per AC | $476,239.13 CAD |
| Price | $657,210 CAD |
| Price Per AC | $476,239.13 CAD |
| Lot Size | 1.38 AC |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 30-20-476-001 | Total Assessment | $144,678 CAD |
| Land Assessment | $74,654 CAD | Annual Taxes | $2,075 CAD |
| Improvements Assessment | $70,024 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
30-20-476-001
Land Assessment
$74,654 CAD
Improvements Assessment
$70,024 CAD
Total Assessment
$144,678 CAD
Annual Taxes
$2,075 CAD
Tax Year
2025
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612 W Vine St - King City Mobile Home Park
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