Welcome to Shady Oaks
Welcome to Shady Oaks
Older and newer homes
Storm Shelter
Laundromat
Large Pole Barn
Additional garages to rent out
Large parcel
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.5%
- Listing ID: 789967
- Posted On: Mar 4, 2017
- Updated On: May 31, 2017
Description
Incredible opportunity to own this St Cloud Mobile Home Park consisting of 16 mobile home pads, a single family home, and multiple outbuildings. 100% occupancy with strong rental history. Mobile home park has 16 pads with room for more, single family home, laundromat, and garage space for additional rental income. Park is located across the street from Walmart for potential development opportunities. Saint Cloud is Minnesota's 5th largest city.
There are 3 park-owned homes and two homes on Contracts for Deed worth around 20,000. Skid-Steer and other equipment included in sale. Caretaker onsite. 12.5% cap rate!
Amenities
- Laundromat
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 17 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1953 |
| Average MH Lot Rent: | $385 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $108 |
| Operating Expense: | $18 |
| Net Operating Income: | $90 |
| Expense Ratio: | 16.7 % |
Lot Information
| Singlewide Lots: | 16 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $550 |