$625,000
Thief River Falls, MN 56701
MLS# 6624414
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Property Description
INVESTORS - THIS IS A GREAT OPPORTUNITY TO JUMP INTO THE RENTAL MARKET! This sale includes 29 manufactured home units on leased land within the city of Thief River Falls. The current owners have held these properties for 10 years and all units have (typically) been occupied on a full-time basis. The units include 2 and 3-bedroom homes with 1-2 baths. All units are sold "as is". Each unit has outdoor/open parking space for 2 vehicles and the park is overseen by the park manager. All potential occupants must fill out a resident application with the park manager, and pass background & credit checks. All exterior photos are in the supplements section. *** Please schedule appointments several days in advance to allow us to prepare the homes' occupants.
Details
Documents
Contract Information
Status: Active
Current Price: $625,000
Contingency: None
ListPrice: 625000
List Date: 2024-10-29
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Year Built: 1982
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 980
Power Company: Northern Municipal Power Agency
For Sale or Lease: For Sale
Lot Dimensions: 40x100
Location Tax and Other Information
House Number: 1227
Street Name: Stephen
Street Suffix: Street
Postal City: Thief River Falls
County: Pennington
State: MN
Zip Code: 56701
Complex/Dev/Subdivision: Countryside Ct
Assessments
Tax With Assessments: 164
Basement
Foundation Dimensions: 14x70
Building Information
Building Finished SqFt: 980
Building SqFt: 980
Income and Expenses
Annual Gross Expenses: 71185
Annual Gross Income: 242880
Annual Insurance Expense: 8227
Annual Maintenance Expense: 1500
Annual Net Income: 168695
Annual Repair Expense: 1500
Total Annual Expenses: 71185
Lease Details
Land Leased: Monthly
Monthly Land Lease Amt: 4985
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building
Unit Details
Total Units: 29
Property Features
Accessible: None
CMU Style: Freestanding
Construction Status: Previously Owned
Current Use: Other
Exterior: Aluminum Siding; Metal; Vinyl
Fuel: Electric; Natural Gas
Heating: Forced Air
Internet Options: Cable; Fiber Optic; Satellite
Loan Terms: Cash; Conventional
Location Description: Free Standing; Other/See Remarks
Lock Box Type: None
On Site Utilities: Electric Separate
Owner Pays: Insurance; See Remarks; Taxes
Parking Characteristics: Uncovered/Open
Rent Rate per Foot: Per Month
Road Frontage: City Street; Paved Streets
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles; Metal
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: All Utilities; Broadband; Cable TV; Grounds Care; Heat; Lawn; Sewer; Snow Removal; Telephone; Trash Collection; Water
Topography: Level
Water: City Water/Connected
Countryside Ct - Photos.pdf Listing Office: Nordin Realty Inc.
Last Updated: November - 12 - 2024
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.