Secluded Acres Mobile Home Park

6401 Irvine Avenue Northwest, Bemidji, MN, USA
Download Spec Sheet
  • Lot Size: 14.01 acres
  • Sale Price: $885,000

Property Features

  • Acres: 14.01 acres on two parcels
  • Lots: 28
  • Density: 1.99 lots/acre
  • Stabilized community has 28 Mobile home lot sites. 26 are occupied with 8 park owned homes (POH)
  • Opportunity to increase NOI and capture upside by
    increasing lot rent
  • Last rent raise was in 2019
  • Local Ownership for 30 years
  • Park is serviced by 2 wells for water and is on septic for sewer
  • Rented, single family residential home is on the property and is included with the sale

Pricing

  • Park price: $885,000
  • Per lot: $30,357
  • Real Estate Taxes: $2,640
  • CAP Rate: 5.48%

Property Brokers