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$1,700,000
Est. payment /mo
7.19 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6824520
Year Built 1960
Annual Tax Amount $4,334
Tax Year 2025
Contingent None
Lot Size 7.188 Acres
Acres 7.188
Lot Dimensions IRR
Property Description
This well-maintained property near Annandale, Minnesota offers a compelling, turnkey investment comprised of 29 mobile home pads, a duplex, and four storage units—creating multiple, diversified income streams just a short drive from the Twin Cities. The asset is offered at a pro forma 8.96% cap rate, with the potential for even stronger returns when factoring in the included trailer contracts. The park delivers immediate and dependable cash flow from day one. Of the 29 mobile homes, 27 are individually metered, significantly reducing operating expenses and streamlining utility management for ownership. Ideally located near Annandale's local amenities and with convenient access to major routes connecting to the Twin Cities, the property blends small-town appeal with commuter accessibility. With stable occupancy, efficient operations, and multiple revenue sources, this offering presents an exceptional opportunity for investors seeking consistent cash flow and long-term value appreciation.
Location
State MN
County Wright
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Open
Utilities Available Electric Separate
Present Use Residential
Building
Foundation 720
Sewer Mound Septic
Water Well
New Construction false
Schools
School District Annandale
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Listed by Shawn Murphy • Ferndale Realty
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Carson Brooks
VP and Managing Broker | License ID: 20593288
VP and Managing Broker License ID: 20593288