Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.2%
- Listing ID: 2057896
- Posted On: Feb 20, 2023
- Updated On: May 22, 2023
Description
Serenity Estates sits on 4 acres. There are 32 lots and a storm shelter to make it compliant with MN laws. This property has 13 of its 32 lots occupied. All tenants are currently paying $235/month for lot rent. With additional capital to remodel the vacant homes on site and in-fill the vacant lots, this property has a very high earning potential.
See OM for more details. Contact Noah at noah@c21sre.com or 715-557-0651.
Location
Located at the end of South Jackson Street in Minneota, MN.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 41.0 % |
| Average MH Lot Rent: | $235 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $23,263 |
| Operating Expense: | $11,125 |
| Net Operating Income: | $12,138 |
| Expense Ratio: | 47.8 % |
Lot Information
| Singlewide Lots: | 32 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
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