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Address is 3230 Marion Road Se Rochester, MN 55904

Troy Seelhammer

Meier Realty

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Marion Woods Park

Mobile Home Park for Sale in Rochester, Minnesota

3230 Marion Road Se
Rochester, MN 55904

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Sale Price: $650,000

Contact Information

Troy Seelhammer
Meier Realty

Mobile Home Park for Sale

Number of MH Lots: 20
Size: 4 acre(s)
Purchase Method: New Loan
Status: Sale Pending
Property ID: 892876
Posted on: Jan 26, 2018
Updated on: Jul 29, 2018
Price: $650,000

Property Description

Located in ever expanding Rochester, MN - Profitable mobile home park with good cash flow that has had many improvements made recently, including some newer homes. Opportunity to develop bare land on property to increase size and units of park. Park is on city water/sewer. Tenants pay all utilities. Includes single family home. Housing crunch in growing city keeps this park full and opportunity to increase cash flow - Mayo Clinic just pledged $3 million to a group to help increase lower income housing.

Park Information

Number of MH Lots:20
Total Occupancy:100.0%
Average MH Lot Rent: $325
Size:4.0 acre(s)

Financial Information

Gross Income$87,600
Debt Info

Lot Information

Singlewide Lots:20
Doublewide Lots:0
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0
Average RV Lot Rent: $0

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:1
Average Rent for Park-owned Homes: $800

Zip codes in Rochester, MN

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