Contact Information

Jon Fisher
License: 471.020503 (IL) 18000549 (IN) 117228 (SC)
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Mobile Home Park Details

  • Price: $1,500,000
  • Purchase Method: Cash, New Loan
  • Listing ID: 1905460
  • Posted On: Oct 7, 2022
  • Updated On: Dec 12, 2022

Description

Bi-Hutch MHP is an 87-pad mobile home community located on approximately 14.90 acres in Killdeer, ND. The park is believed to have been developed in the 1980's, and has served the community by offering an affordable housing option since that time. The property is not zoned as there is no zoning in Dunn County. The park is not located in a flood zone. The park is presently managed by a 3rd party property manager who would most likely want to continue in that capacity. The park also has an onsite manager that has served well in that capacity, and might be capable of additional responsibilities depending upon your management structure. The park has a maintenance man that is part-time at $20/hour.

The pad size varies, but the majority are approximately .15 acres. There are currently 4 trailers that need to be removed from the premises. Of the 87-pads in the park, 6 of the trailers are POH's averaging $750/month. There are 6 vacant POH's that need to be renovated. There are 28-pads in the park occupied by TOH's which are paying $550/month (Plus $100 for water/sewer). There are 43-pads that are currently vacant. The last increase in pad rental was prior to the previous owner. The park utilizes annual & month-to-month leases for its tenants.

PUBLIC WATER & SEWER! Bi-Hutch MHP is on city water and sewer!. The underground pipe material is believed to be PVC. The electrical pedestals are believed to be 100 amp. The vacant pads will need new electrical pedestals to be installed. Residents are direct billed for electricity, gas, & cable. The park utilizes RUBS for water & sewer and adds $100/month to the lot rent to cover this. The park should probably be sub-metered by the next ownership group. The garbage is built into the lot and home rent and paid by the park. The park utilizes city roads that are maintained by the city. The tenants mow their own pads and the park mows the common areas.

The park is selling with 7 different PIN #'s. Somehow in previous transactions two very small PIN #'s of the park (with no trailers in these sections) were not conveyed. This situation was just discovered after listing the property and we are trying to locate the previous owners to take care of this situation. The park was part of a special assessment to bring public water & sewer to this part of town. The seller will be paying off the assessment in full at closing.

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

Location

Killdeer is 46 miles from Dickinson, ND and 100 miles from Bismarch, ND.

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Park Information

Community Type: All Age
Number of MH Lots: 87
Total Occupancy: 54.0 %
Year Built: 1980
Average MH Lot Rent: $550
Size: 15 acre(s)

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