$239,500
$239,500
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10.41 Acres Lot
SOLD DATE : 03/25/2020
Key Details
Sold Price $239,500
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5347719
Sold Date 03/25/20
Year Built 1900
Annual Tax Amount $2,088
Tax Year 2019
Contingent None
Lot Size 10.410 Acres
Acres 10.41
Lot Dimensions IRR
Property Description
Welcome to Green Acres Mobile Home Community. This 12 pad, cash flowing, 100% occupied, park nestled among the tall pines of the north is absentee-run with all homes being tenant-owned. A new septic in 2017 makes this park a turn-key investment opportunity for new investors or a great addition to a portfolio for a seasoned investor. The onsite management is trained to handle park maintenance. Consider this opportunity to own a well-run turn-key park today! 12.35% cap rate. Cap rate does not include balance of around 36,000 in Contracts on homes. Which means an NOI of around 38K for the next several years.
Location
State MN
County Itasca
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached, Asphalt, Open
Garage Spaces 2.0
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Present Use Residential
Building
Foundation 400
Sewer Mound Septic, Private Sewer
Water Well
Structure Type Metal Siding, Vinyl Siding
Schools
School District Greenway
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