Rock Island Mobile Home Park
Mobile Home Park | 5.50% CAP | 38 Sites
Marketing description
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Rock Island MHP, a 38-site manufactured housing community located in Watertown, Minnesota, within the rapidly growing western Twin Cities corridor. The community benefits from strong in-place occupancy, stable recurring cash flow, and an attractive affordability advantage relative to surrounding suburban housing markets. Positioned approximately 45 minutes west of Downtown Minneapolis, Rock Island MHP provides residents convenient access to major employment centers throughout Waconia, Chaska, Minnetonka, and the broader Minneapolis-St. Paul metropolitan area. The offering presents investors with a combination of durable in-place income and identifiable revenue growth opportunities through continued rent increases, utility reimbursements, and the potential development of six additional sites.
Investment highlights
- 36 MH Sites + 2 Apartments
- Potential for 6 Additional Developable Sites
- Public Water & Sewer (Billed Back)
- Attractive Sub-$3M Acquisition Opportunity
- 97% MH occupancy (35 of 36) at Closing
- Watertown, MN (Western Twin Cities Corridor)
- ~45 Minutes to Downtown Minneapolis
- Proximity to Waconia, Chaska, Minnetonka & Plymouth Employment Centers
- Strong Population Growth Throughout Carver County and the Western Twin Cities Suburbs
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
