23924 Minnesota Highway 22 - Manufactured Housing/Mobile Housing FOR SALE


Litchfield, MN 55355
$775,000 USD
612-865-3158
23924 Minnesota Highway 22, Litchfield, MN for Sale
$775,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/26
null | 10.16% Cap Rate

23924 Minnesota Highway 22
Litchfield, MN 55355


HIGHLIGHTS

  • 6 Park Owned Mobile Homes for Additional Rental Revenue.
  • 6 Privately Owned Units paying lot rent
  • Low Expenses
  • Large Piece of Land with Great Space for all tenants

OVERVIEW

Located just south of Litchfield near the airport, this well maintained mobile home park offers great space. Sitting on 5 acres, it has 12 designated lots. The park owns 6 of the mobile units on site for additional rental income while the other 6 lots are leased to other mobile owners. The park owned units include three 2-bed 1-bath units, one 3-bed 1-bath unit, and one 4-bed 2-bath unit. Monthly gross cashflow potential without changing existing rental terms is over $7,500/month. Property also includes a large 3 car garage for onsite storage or convert to additional rental income. This is a great opportunity for a nicely upkept rural residential setting.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$538 USD /SF

# OF UNITS

12

PRICE/UNIT

$64,583

CAP RATE

10.16%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

PARKING SPACES

12

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

Residential - Owner Occ

APN/PARCEL ID

14-0308000

ASK ABOUT THIS PROPERTY

Bryan VantHofRe/Max Advantage PlusMore Info
612-865-3158

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Bryan VantHofRe/Max Advantage PlusMore Info
612-865-3158

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