House for sale

Overview

Lovely Countryside investment property on 2.97 acres AG zoned. Includes a 3bd house and grandfathered zoning for 9 mobile home spaces, (7 park owned and 2 tenant owned), plus a 3 bedroom ranch house and two detached garages (a 2 car and a 3 car). This is a good starter mobile home park. 3 bd House could be perfect for a live in owner, manager or rent it out for additional income. Property needs some TLC but it has so much potential! Great location on the outskirts of the transforming and economic growing city of Rockford, 4 miles from Chicago-Rockford International Airport (ranked in the top 15 cargo airports nationwide and home to Amazon Air, FedEx and 2nd largest UPS hub in the nation), 17 miles to I-90 (where opening of the New Hard Rock Casino target is Aug 2024) and 7 miles to the heart of downtown Rockford with a plethora of more locally owned businesses. It's also only 19 miles from the City of Belvidere (with growth in companies/manufacturing including Stellantis, General Mills and Walmart). Please see the attached document for more details of Expenses/Income and Income projection.