Listed by Goldmark Commercial Real Estate Inc
$465,000
Minto Mobile Home Park
Details
APN 39-0000-12822-000
Property Type Mobile Home Park
Square Footage 1
Units 41
Class C
Year Built 1960
Acreage 8.000
Parking Spaces 2 spaces
Parking Per SqFt 2,000.00
Mobile Home Park
Marketing description
Northridge Mobile Home Park is an all-age community operating at 68% occupancy, with all tenant owned homes, located in Minto, North Dakota. Electricity is direct billed and water/sewer/trash are master metered and billed back via a community fee. Many residents commute 31 miles to nearby Grand Forks, ND. Despite the somewhat remote location of this park, Northridge has been entirely operated remotely.
Investment highlights
- Value creation by infilling vacant sites
- Below market rents
- 100% tenant owned homes
- 1-2 cars per space
Listing Contacts
Listed by Goldmark Commercial Real Estate Inc
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