23924 Minnesota Highway 22, Litchfield, MN 55355 (MLS # 6758364)

Price $775,000
Status Active
Size 1 sqft
Lot Size 5.00 ac
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.
Property Type(s): Commercial
Year Built 2004 Garage Spaces 2.0
County Meeker

Additional Details

CONSTRUCTION Aluminum Siding
GARAGE Yes
HEAT Forced Air, Natural Gas
LOT 5 acre(s)
LOT DESCRIPTION Irregular Lot, Level, Many Trees
LOT DIMENSIONS 1241x1085x559
PARKING Detached, Gravel
SEWER Septic Tank
STORIES 1
TAXES 2568
WATER Private, Well
ZONING Residential-Multi-Family
Listed with RE/MAX Advantage Plus
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