1335 W River St - Manufactured Housing/Mobile Housing FOR SALE


Monticello, MN 55362
$8,500,000 USD
320-252-2000
1335 W River St, Monticello, MN for Sale
$8,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/20
null | 6.73% Cap Rate

1335 W River St
Monticello, MN 55362


OVERVIEW

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 87 campground/RV sites and a 92-unit mobile home park. 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. - Large fishing pier overlooking the Mississippi River. - 2,000 sq. ft. recently remodeled duplex rental home located on park grounds. Lower level rent: $1,350/mo. Upper level rent: $1,650. - Roads and pads approximately 90% paved. Campground/RV Property Details: - 87 total sites. - Daily, weekly, and monthly rates. - Common restrooms with full showers. - Coin operated laundromat. - Self-service RV wash. - 67 @ 20/30 amp & 20 @ 20/30/50 amp. - Camp store + annex.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$2,920 USD /SF

# OF UNITS

179

PRICE/UNIT

$47,486

CAP RATE

6.73%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Terrace Mobile Home Park and Campground

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

25.16 AC

LAND SF

1,095,970 SF

ZONING

County Use

APN/PARCEL ID

155-500-031300,155-500-034200

ASK ABOUT THIS PROPERTY

Devin FirlINH Property Management Inc.More Info
320-252-2000

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Devin FirlINH Property Management Inc.More Info
320-252-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.