Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 16.0%
  • Listing ID: 384190
  • Posted On: Jul 2, 2013
  • Updated On: Feb 14, 2014

Description

Great Investment Opportunity! Small mobile home park near a river and large park in central Minnesota. Great location close to main street in a residential area. Seven unit park, owner owns 6 of them and rents out one lot. Three newer units and all units have updated carpet, appliances and roofs. Potential for one more lot to rent out and acreage is for sale adjacent to park that could potentially increase the park size substantially. Great investment opportunity with 16%+ CAP rate and excellent occupancy history. Also includes two sheds- one heated- on property. Please note the "street view" tab is not updated on Google- new homes have been added in 2011. Please call to schedule a showing to see updated units or drive by. Will consider partial payment of buildable land in the Central Minnesota area with offer.

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 7
Total Occupancy: 100.0 %
Year Built: 1980

Lot Information

Singlewide Lots: 8

Utility Information

Water: City
Water Paid By: Park
Sewer: City