23924 Minnesota Highway 22, Litchfield Twp, MN 55355
sale
$695,000
|
Other
Courtesy Of RE/MAX Advantage Plus
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 6 of the mobile units on site for additional rental income while the other 6 lots are leased to other mobile owners. The park owned units include three 2-bed 1-bath units, one 3-bed 1-bath unit, and one 4-bed 2-bath unit. Property is served by two septic systems that each can support up to 8 homesites. Currently, the north system is serving 8 homes and the south system is serving 4 so expansion is possible for the south system. Monthly gross cashflow potential without changing existing rental terms is over $7,500/month. 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.
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Property Features
- Age: 21-30 Years Old
- Architecture Style: Other
- Heating System: Forced Air
- Legal Description: TH PT LOT 3 LYING W OF TWP RD & N & ELY OF HWY 22
- MLSID: 6758364
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