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29994503
29994520

2 Locations

RN
MN MN 97893
INH Properties
Listed by INH Properties
$8,500,000
98 days on market
Updated 8 days ago

River Terrace Park and Campground

Details
APN 155-500-031300
Property Type Mobile Home Park
Sub Type Campground, Mobile Home Park
Units 179
Cap Rate 5.59%
NOI $475,502
Pro-Forma Cap Rate 6.73%
Pro-Forma NOI $571,666
Buildings 3
Acreage 25.160
Zoning County Use

Mobile Home Park and Campground | 5.59% CAP

Marketing description

River Terrace Park and Campground is located along the beautiful west bank of the Mississippi River. The property is a quiet and secluded community in close proximity to downtown Monticello. It is comprised of 87 campground/RV sites and a 92-unit mobile home park. Please see offering memorandum for complete details.

Mobile Home Park Property Details

  • Upper mobile home park acquired in September 2024 to improve scale.

  • Occupancy: 93%

  • Upper Park Land Size: 4.16 AC. Lower Park Land Size: 21 AC. 92 total sites plus duplex rental home.

  • Large commercial playground with 23 activities.

  • Monthly rates with sewer, water, and trash.

  • Large fishing pier overlooking the Mississippi River.

  • 2,000 sq. ft. rental home located on the park grounds. Lower-level rent: $1,350/mo. Upper-level rent: $1,650/mo.

  • Roads and pads approximately 90% paved.

Campground/RV Property Details:

  • 87 total sites.

  • Daily, weekly, and monthly rates.

  • Common restrooms with full showers.

  • Coin operated laundromat.

  • Self-service RV wash

  • 67 @ 20/30 amp & 20 @ 20/30/50 amp

  • Camp store + annex

Listing Contacts

RN
MN MN 97893
INH Properties
Listed by INH Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$475,502.00
$39,625.17/mo

Valuation Metrics

0
DSCR
5.59%
Cap Rate
5.59%
ROI

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Additional Information

Name
Ryan Nothnagel
License
MN 97893
Brokerage
INH Property Management
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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