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Elm Street Homes

Manufactured Home Community for Sale in Redwood Falls, Minnesota

Redwood Falls, MN 56283
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Sale Price: $155,000

Contact Information

Rob Chamberlain

Mobile Home Park for Sale

Number of MH Lots: 29
Size: 4 acre(s)
Purchase Method: Cash
Status: Active
Property ID: 892381
Posted on: Jan 12, 2018
Updated on: May 28, 2018
Price: $155,000

Property Description

The community is licensed for 29 lots. There are currently 16 homes on the property, which include the following: 11 occupied homes, 1 unoccupied home that is for sale by owner, and 4 homes that are unoccupied and possibly abandoned. There are no park-owned homes.

The park has done well for us but is still in transition so we considered that in our pricing. Work to be done likely includes significant fixing up or removing of the unoccupied homes and bringing in new homes to fill vacant lots.

Emergency shelter on site. City utilities - water and sewer paid by the park.

Ideal buyer would be looking to close in 30 - 60 days with cash. I am looking to 1031 this property so I am not offering seller financing.

Originally listed in January 2018. We quickly went under contract, but the buyer fell through so we have relisted.

Please respectfully refrain from visiting the park and inquiries without permission from owners.

Location Description

Mobile Home Park for sale in Redwood Falls, Minnesota. Nice town with high demand for affordable housing. Mobile home community is 5 minutes from Walmart and other local businesses. 3 minutes from a Schult Homes Factory.

Park Information

Number of MH Lots:29
Total Occupancy:38.0%
Average MH Lot Rent: $300
Size:4.0 acre(s)

Utility Information

Water Paid By: Park

Zip codes in Redwood Falls, MN

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