Contact Information
Devin Firl
License: MN 40990798
Mobile Home Park Details
- Price: $8,500,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.7% (Pro Forma)
- Listing ID: 7027148
- Posted On: Apr 16, 2026
- Updated On: Apr 21, 2026
Description
River Terrace Park and Campground is located along the beautiful west bank of the Mississippi River. The property is a quiet and secluded community in close proximity to downtown Monticello. It is comprised of a 92-unit mobile home park and 87 RV/campground sites. Please see offering memorandum for complete details.
Mobile Home Park Property Details:
- Upper mobile home park acquired in September 2024 to improve scale.
- Occupancy: 93%
- Upper Park Land Size: 4.16 AC. Lower Park Land Size: 21 AC, 92 total sites plus duplex rental home.
- Large commercial playground with 23 activities.
- Monthly rates with sewer, water, and trash.
-Upper Park: City Water. Lower Park: 3 Wells.
- Large fishing pier overlooking the Mississippi River.
- 2,000 sq. ft. recently remodeled duplex rental home located on park grounds. Lower-level rent: $1,450/mo. Upper-level rent: $1,850.
- Roads and pads approximately 90% paved.
Campground/RV Property Details:
- 87 total sites with full hookups.
- Daily, weekly, and monthly rates.
- Paved & level site pads. 12'x40' & 12'x60'
- Common restrooms with full showers.
- Coin operated laundromat.
- Self-service RV wash.
- 67 @ 20/30 amp & 20 @ 20/30/50 amp.
- Camp store + annex.
Location
River Terrace Mobile Home Park & Campground is conveniently located near downtown Monticello, MN along the west bank of the Mississippi River. Easy access to Interstate 94.
Amenities
- Laundromat
- Pet Friendly
- Playground
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 92 |
| Total Occupancy: | 93.0 % |
| Year Built: | 1978 |
| Average MH Lot Rent: | $580 |
| Size: | 25 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $1,103,068 |
| Operating Expense: | $531,402 |
| Net Operating Income: | $571,666 |
| Expense Ratio: | 48.2 % |
RV Information
| Number of RV Lots: | 87 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |