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2 Parks for Sale in Central Bismarck 2520 E Broadway Ave, Bismarck, ND 58501

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 1745029
  • Posted On: Aug 29, 2022
  • Updated On: Jan 2, 2024

Description

A value-add investment with 2 sites. The Bismarck MHP has 32 lots and 1 home with 6 vacant lots. The Dakota MHP has 47 lots, 2 vacant lots and 1 house. All but 1 unit is park owned.
Majority of these homes are from the '70-'80s but 70' mobile homes will fit.
Seller would prefer to sell both outright but is willing to contract for deed the smaller park on Thayer. Message for more details.

Location

Dakota Park: 2520 E Broadway Ave
Bismarck Park: 2406 E Thayer Ave

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Park Information

Community Type: All Age
Number of MH Lots: 79
Total Occupancy: 92.0 %
Year Built: 1958
Average MH Lot Rent: $750
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $525,685
Operating Expense: $180,528
Net Operating Income: $345,157
Expense Ratio: 34.3 %

Lot Information

Singlewide Lots: 73
Doublewide Lots: 6
Triplewide Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 78
Average Rent for Park-owned Homes: $750