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$ 1,700,000
Est. payment | /mo
7.19 Acres Lot
$ 1,700,000
Est. payment | /mo
7.19 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6824520
Year Built 1960
Annual Tax Amount $4,334
Tax Year 2025
Contingent None
Lot Size 7.190 Acres
Acres 7.19
Lot Dimensions IRR
Property Sub-Type Apartment
Property Description
This well-maintained property near Annandale, Minnesota features 29 mobile home pads, a fully rented duplex, and four income-producing storage units, offering a diverse and turnkey investment opportunity just a short drive from the Twin Cities. The property is offered at an 8.96% cap rate, with returns even higher when factoring in the included trailer contracts. The mobile home park is fully occupied, providing steady, reliable income from day one. Of the 29 mobile homes, 27 are individually metered, greatly reducing ownership expenses and simplifying utility management.
Located close to Annandale's amenities and with convenient access to major routes leading to the Twin Cities, this property offers an attractive blend of small-town living and commuter accessibility. With its stable occupancy, multiple income sources, and efficient operations, it represents an exceptional opportunity for investors seeking long-term value and consistent cash flow.
Located close to Annandale's amenities and with convenient access to major routes leading to the Twin Cities, this property offers an attractive blend of small-town living and commuter accessibility. With its stable occupancy, multiple income sources, and efficient operations, it represents an exceptional opportunity for investors seeking long-term value and consistent cash flow.
Location
State MN
County Wright
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Open
Utilities Available Electric Separate
Present Use Residential
Building
Foundation 720
Sewer Mound Septic
Water Well
Structure Type Metal Siding,Vinyl Siding
Schools
School District Annandale
Listed by Shawn Murphy • Ferndale Realty
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Andrew Beitler, MBA
Agent | License ID: 40658950