Contact Information

Mobile Home Park Details

  • Price: $3,300,000
  • Listing ID: 4373673
  • Posted On: Feb 1, 2024
  • Updated On: Feb 8, 2024

Description

NMHC Group - Buddy Martin - bmartin@nmhcgroup.com

The NMHC Group of KW Commercial is pleased to present Maple Field Mobile Home Park in Hermantown, Minnesota. The community consists of 54 sites with 46 park-owned homes. Many of the POHs are renovated and continue to be improved as they turn over. Maple Field is serviced by municipal sewer and water which is charged back to the residents via the RUBS system. Currently there is 1 vacant site.

Maple Field is located in Hermantown, Minnesota, which is a bedroom community to Duluth. The community is just 2.5 miles from Duluth International Airport allowing easy access to regional flights. Located right on US Highway 53, the community is surrounded by commercial real estate and many large businesses and retailers. Hermantown is also located near the tip of Lake Superior and the St Louis Bay, allowing easy access to Wisconsin and the city of Superior.

Currently the community is being managed by a local manager and is set up for absentee management. Based on a rent and vacancy survey we believe the rents to be low with room for growth. Maple Field provides a stable cash flowing asset in a highly commercialized area with easy access via an international airport. With absentee management in place the community is set for the next owner to take it to the next level.

As always, this is a confidential sale. Please do not go to the community without setting up a showing appointment with the listing agents. If on site, do not under any circumstances speak with any tenants or employees. Please contact us for additional information.

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

Park Information

Number of MH Lots: 54

Other Listings by Buddy Martin