Listed by RE/MAX Advantage Plus - Minnetonka
$595,000
23924 Minnesota Highway 22
Details
Property Type Mobile Home Park
Sub Type Mobile Home Park
Units 12
Cap Rate 10.08%
NOI $60,000
Tenancy Multi
Year Built 2004
Stories 1
Acreage 5.000
Zoning Residential-Multi-Family
Parking Spaces 26 per unit
Mobile Home Park | 12 Pads | $49,583/pad
Marketing description
Located just south of Litchfield near the airport, this well maintained mobile home park offers great space. Sitting on 5 acres, it has 12 designated lots. The park owns 8 of the mobile units on site for additional rental income while the other 6 lots are leased to the other mobile owners. The park owned units include three 2-bed 1-bath units, one 3-bed 1-bath unit, and one four-bed 2-bath unit. Property also includes a large 3 car garage for onsite storage or convert to additional rental income. This is a great opportunity for a nicely upkept rural residential setting.
Investment highlights
- Lot rents are currently $400/month for the six non-park owned mobile homes
- The park owned units include two double-wides and 4 single-wides
- There are two single-wides the current owner brought onsite to fix up and rent out so there is some set up needed to make them rentable or the new owner could sell them
- The two bedroom currently rented is at $700/month, a three bedroom is at $1,200/month, another 3 bedroom is at $1,000/month, and the four bedroom is also at $1,200/month
- All owned mobile units included in the sale
- Property also includes a large 3 car garage for onsite storage or convert to additional rental income
Listing Contacts
Listed by RE/MAX Advantage Plus - Minnetonka
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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
10.08%
Cap Rate
10.08%
ROI
Map
Zoning
A-1 AgricultureAgricultural Preservation
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View all 78 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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