418 11th St S - Manufactured Housing/Mobile Housing FOR SALE


Wahpeton, ND 58075
$549,000 USD
612-963-3810

NO PHOTO

$549,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
null | 13.29% Cap Rate

418 11th St S
Wahpeton, ND 58075


OVERVIEW

The Seller acquired the property in 2019 from a family member. In 2020, the Seller began clean-up of the property, renovaton of existng mobile homes, and improvement in the tenant base. During the period of 2020-2023 the Seller has invested over $70,000 into the property. 2023 represents the first year of the “new beginnings” of the mobile home park and the beginning of a transiton to a deliberate strategy to rent available units. The property is ready for a new owner to benefit from this transiton.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$39 USD /SF

# OF UNITS

22

PRICE/UNIT

$24,955

CAP RATE

13.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

-

APN/PARCEL ID

50080114254000

ASK ABOUT THIS PROPERTY

Brian TjadenTrilogy Real EstateMore Info
612-963-3810

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

Brian TjadenTrilogy Real EstateMore Info
612-963-3810

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