$2,612,500
MLS# 6474443
Status: Closed
1 / 28
Property Description
Seller offering $20,000 credit towards buyer's closing costs. 9.6 Cap Rate! Welcome to Pine Cone Park in Perham, MN - A 56 lot Mobile Home Community with room to expand on available adjacent lot. 12 Trailers owned by seller. Seller has installed a new cluster of mailboxes for each lot address. Each trailer is hooked up to city sewer and water. There is a lift station for the sewer. The city of Perham has an abundance of manufacturing jobs. The city is growing at a rate of 2.19% annually and its population has increased by 6.75% since the most recent census, which recorded a population of 3,495 in 2020. A new high school was built in 2019 with a state of the art wellness center. Call today for more information on this great investment opportunity!
Details
Contract Information
Digitally Altered Photos: No
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2024-10-30
Current Price: $2,612,500
Closed Date: 2025-01-30
Sales Close Price: 2612500
Contingency: None
ListPrice: 2750000
List Date: 2024-01-05
Office/Member Info
Association: LCAR
MLSID: RMLS
General Property Information
Lot Measurement: Acres
Management Company Name: 106 Properties LLC
Multiple PIDs?: No
Other Parking Spaces: 56
Owner Occupied: No
Year Built: 1975
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: Irregular
Acres: 10.97
Foundation Size: 1
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Listing City: Perham
Map Page: 999
Municipality: Perham
Rental License?: No
School District: Perham-Dent
School District Phone: 218-346-4501
Zip Plus 4: 2500
Property ID Number: 77000100004008
Tax Year: 2023
Tax Amount: 4186
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Seller offering $20,000 credit towards buyer's closing costs. 9.6 Cap Rate! Welcome to Pine Cone Park in Perham, MN - A 56 lot Mobile Home Community with room to expand on available adjacent lot. 12 Trailers owned by seller. Seller has installed a new cluster of mailboxes for each lot address. Each trailer is hooked up to city sewer and water. There is a lift station for the sewer. The city of Perham has an abundance of manufacturing jobs. The city is growing at a rate of 2.19% annually and its population has increased by 6.75% since the most recent census, which recorded a population of 3,495 in 2020. A new high school was built in 2019 with a state of the art wellness center. Call today for more information on this great investment opportunity!
Directions: Highway 10 to CR-34 to Mobile Home park
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 4186
Building Information
Building Finished SqFt: 1
Construction Status
Previously Owned: 1
Exterior
Other: 1
Financing Terms
Conventional: 1
Fuel
Electric: 1
Heating
None: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: LCAR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Asphalt: 1
Public Survey Info
Range#: 39
Section#: 10
Township#: 136
Sale Options
Sale Includes: Land, Other
Sewer
City Sewer/Connected: 1
Topography
Level: 1
Unit Details
Total Units: 56
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 1000
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 59131
Annual Gross Income: 322800
Annual Insurance Expense: 1891
Annual Maintenance Expense: 500
Annual Net Income: 263669
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 34742
Tenant Pays
Electricity: 1
Heat: 1
Hot Water: 1
Trash Collection: 1
On Site Utilities
Electric Separate: 1
CMU Style
Business Opportunity: 1
Other: 1
Current Use
Commercial: 1
Other: 1
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
Location Tax and Other Information
Postal City: Perham
County: Otter Tail
State: MN
Zip Code: 56573
Property Features
Accessible: None
CMU Style: Business Opportunity; Other
Construction Status: Previously Owned
Current Use: Commercial; Other; Residential
Exterior: Other
Financing Terms: Conventional
Fuel: Electric
Heating: None
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate
Parking Characteristics: Asphalt
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Heat; Hot Water; Trash Collection
Topography: Level
Water: City Water/Connected
Listing Office: The Real Estate Company of Detroit Lakes
Last Updated: January - 30 - 2025
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.