Contact Information
Karsten Broadley
Mobile Home Park Details
- Price: $1,050,000
- Cap Rate: 10.3% (Pro Forma)
- Listing ID: 7013648
- Posted On: Feb 27, 2026
- Updated On: May 26, 2026
Description
Acks Mobile Home Park is in Emerado, North Dakota, featuring 145 total homesites with a mix of 78 park owned homes and 19 tenant owned homes. Residents pay their own electric, gas, water, and sewer, keeping operating expenses low. Located minutes from Grand Forks and key employment hubs, the park offers stable occupancy and significant value add opportunity through home infill, POH upgrades, rent optimization, and streamlined operations—positioning the next owner to unlock substantial upside.
Investment highlights:
145 Homesites with room for operational and revenue growth
78 Park Owned Homes offering immediate income and upgrade potential
19 Tenant Owned Homes providing stability and reduced turnover
Tenant Paid Utilities: electric, gas, water & sewer
Multiple Value Add Levers:
Infill vacant lots
Improve and modernize POHs
Adjust rents to market levels
High Demand for Affordable Housing near Grand Forks
Strong, Reliable Cash Flow with clear pathways for upside
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 145 |
| Total Occupancy: | 28.0 % |
| Average MH Lot Rent: | $300 |
| Size: | 21 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $420,000 |
| Operating Expense: | $312,000 |
| Net Operating Income: | $108,000 |
| Expense Ratio: | 74.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 78 |
| Average Rent for Park-owned Homes: | $800 |