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This Multifamily Property is no longer advertised on LoopNet.ca.

4808 Paradise Rd
Mattoon, IL 61938

Lakeland Estates · Multifamily Property For Sale · 36,000 SF

PROPERTY FACTS

No. Units 90
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 9.55 AC
Building Size 36,000 SF
Average Occupancy 31%
No. Stories 1
Year Built 1960

About 4808 Paradise Rd , Mattoon, IL 61938

Austin Manor is a 3 star, all ages community developed in 1972. The community has 180 total sites, with strong resident owned occupancy consisting of 96 resident-owned homes and 16 leased park owned homes. The inventory homes only make up 10.5% of the park, with 16 leased park owned homes and 5 vacant park owned homes, of which 2 are new 2017 SW homes priced at an average price of $51,650, and 1 new 2017 DW home priced at $66,900. The average site rent is $325 and the average rental rate on the park owned leased homes is $306. This sets Austin Manor at the top of the market, yet current owner believes there’s still room for rent increases.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-0-00030-000
Land Assessment
$48,802
Improvements Assessment
$127,511
Total Assessment
$176,312

zoning

Zoning Code 0060
0060
  • Listing ID: 9498594

  • Date on Market: 2017-10-09

  • Last Updated:

  • Address: 4808 Paradise Rd, Mattoon, IL 61938

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