23924 Minnesota Highway 22, Litchfield, MN 55355 - MLS#6758364

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$725,000

Est. payment - /mo

217,800 SqFt

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 217,800 sqft

Price per Sqft $3

MLS Listing ID 6758364

Year Built 2004

Annual Tax Amount $2,568

Lot Size 1 Sqft

Acres 5.0

Lot Dimensions 1241x1085x559

Property Description

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.

Location

State MN

County Meeker

Zoning Residential-Multi-Family

Direction Highway 22 South of Litchfield to SkyCreek Village on East side of the road

Interior

Heating Forced Air

Flooring 217800.0

Exterior

Parking Features Gravel Lot

Garage Spaces 2.0

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Accessibility None

Total Parking Spaces 2

Building

Lot Description Irregular Lot, Tree Coverage - Medium

Foundation None

Water Well

Others

Senior Community No

Tax ID 140308000

Virtual Tour https://player.vimeo.com/video/1103164134?share=copy#t=0

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