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Browse More Listings in Multifamily For Sale, Kensington, MN or Minnesota

Multifamily Property For Sale

Runestone Mobile Home Park

10 Runestone Dr., Kensington, MN 56343

Price:
$108,000
No. Spaces:
13
Price/Space:
$8,307.69
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
11.22%
Lot Size:
2.46 AC
Find Out More...

Last Verified 10/22/2009 Listing ID 16132658

Description

The tenants pay all utilities and trash. This park is currently fully occupied. The tenants lot rent is directly deposited in the owners bank. The city plows the streets. There is city sewer and water services to this property. The rent will be increased on 4/1/09 to $125 this is represented in this package' s rent roll and analysis. The property taxes in the analysis is an estimate from the county for 2009 payable taxes. There are no park owned homes

Kensington, Minnesota, in Douglas county, is 75 miles W of St. Cloud and 130 miles NW of Minneapolis. This is also the town in which the historic Kensington Runestone was found.

Financial Summary

Actual
Scheduled Gross Income
$19,560
Effective Gross Income
$17,604
Operating Expenses
$4,700
Net Operating Income
$12,904
Pre-Tax Cash Flow
$4,566

Map of 10 Runestone Dr., Kensington, MN 56343 (Douglas County)

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Contact Listing Broker

Erik Sorenson (763) 477-3300 Ext: 1

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Created 3/5/2009

Additional Information for 10 Runestone Drive, Kensington, MN 56343

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Runestone Mobile Home Park

10 Runestone Dr., Kensington, MN, 56343