Contact Information

Jon Fisher
License: 471.020503 (IL) 18000549 (IN) 117228 (SC)

Mobile Home Park Details

  • Price: $999,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1684176
  • Posted On: Jun 4, 2022
  • Updated On: Aug 14, 2022

Property Description

Valley View MHP is a 31-pad mobile home community located on 3.67 acres in Velva, ND. The park is believed to have been developed in the early 1990's and has served the community by offering an affordable housing option since that time. The property is zoned for a MHP. The park is not located in a flood zone. The park is presently managed by a 3rd party professional management firm. The park also has a maintenance man.

The park is comprised of 32 individual parcels (each approximately 0.11 acres). One of the parcels/pads is currently being used as a playground. There are currently not any trailers that need to be removed from the premises. Of the 22 occupied pads in the park, all of the trailers are TOH's currently averaging $365/month. The current owner is bringing the pad rental rates up to market levels. Tenants have been notified that their rent will be increasing to $385/month in the summer of 2022. The park utilized annual leases.

PUBLIC WATER & SEWER! Valley View MHP is on city water & city sewer! The underground pipe material is believed to be a combination of PVC and city metal. Residents are direct billed for electricity, & gas by the utility providers. Water & sewer is currently being paid by the park, and the next ownership group should strongly consider the installation of water meters. Garbage is built into the lot and home rent. The road through the park is owned and maintained by the city. The tenants mow their own pads and the park mows the common areas. The city plows snow as needed.

MR. LANDMAN, LLC is a licensed real estate entity in the state of North Dakota under license #3369. Jonathan Fisher is a licensed real estate broker in the state of North Dakota under license#10982.

Location

Velva is a city in McHenry County, North Dakota. The population was 1,086 at the 2020 census. Part of the Minot Micropolitan Statistical Area, Velva was founded in 1897.

Velva is:
21 miles from Minot, ND
99 miles from Bismarck, ND
246 miles from Fargo, ND

Minot, ND:
•Mid-sized city with a fast-growing, diverse economy
•Gateway to the energy-rich Bakken region
•Top-ranking producer of 18 ag commodities
•City-served industrial park with rail and non-rail served property
available
•Weekly intermodal service at the Logistics Park of Minot
•Educated, skilled workforce including retired Air Force

Minot, ND (Jobs)
1. Minot Air Force Base (6,623 employees)
2. Trinity Health (2,801 employees)
3. Minot Public Schools (1,059 employees)
4. City of Minot (408 employees)
5. Minot State University (407 employees)
6. BNSF Railway (360 employees)
7. Delta Vacations (335 employees)
8. Ward County (284 employees)
9. Kalix (MVAW) (277 employees)
10. Marketplace Foods (238 employees)

North Dakota:
•Best State for Business in the Midwest
•5th Best State in the Nation
•#2 Happiest Workforce in the United States
•Ranked 8th in the Nation for its Economic Outlook
•3rd Best State for Families

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Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 68.0 %
Year Built: 1990
Average MH Lot Rent: $365
Size: 4 acre(s)

Lot Information

Singlewide Lots: 32

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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