Contact Information
Mobile Home Park Details
- Price: $1,575,000
- Cap Rate: 8.5% (Pro Forma)
- Listing ID: 7064956
- Posted On: Aug 7, 2026
- Updated On: Aug 7, 2026
Description
This all-age manufactured housing community is ideally located in Hillsboro, ND, a welcoming community positioned midway between Fargo and Grand Forks along Interstate 29. The property offers residents the appeal of small-town living with convenient access to two of North Dakota’s largest employment centers.
This property presents a unique investment opportunity in a stable and accessible North Dakota market. As the only mobile home park in Hillsboro, the community benefits from limited local competition and a strong position within the market. Its immediate proximity to I-29 provides easy commuting access for residents working in Hillsboro, nearby communities, Fargo, or Grand Forks.
PROPERTY HIGHLIGHTS:
• 39 Homesites with room for revenue growth
• 26 Total Occupied Sites
• 6 Park Owned Homes - All occupied
• High Demand for Affordable Housing
• Strong, reliable cash flow with upside opportunity
FEATURES:
• Private Park area for kids and pets
• Gravel Parking, 1-2 cars per space
• Park is Master Metered
Amenities
- Storage
- Pet Friendly
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 39 |
| Total Occupancy: | 66.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $450 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $211,880 |
| Operating Expense: | $77,945 |
| Net Operating Income: | $133,935 |
| Expense Ratio: | 36.8 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $1,225 |