For Sale: Litchfield Twp MLS# 6758364
Active
NEW!
$775,000
Commercial: Other
Built 2004
5 acres
Litchfield schools
MLS# 6758364
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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. 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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$775,000
Property Type:
Commercial
City:
Litchfield Twp
Garage Spaces:
2
County:
Meeker
Year Built:
2004
State:
MN
Property Style:
Other
Zip Code:
55355
Interior
Ranges:
Four
Refrigerators:
Four
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
750 ft2
Other Parking Spaces:
24
Foundation Size:
1 ft2
Foundation Dimensions:
Irregular
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached
- Gravel
Road Frontage:
- County Road
- Paved Streets
Exterior Material:
Aluminum Siding
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
5
Geolocation:
45.093292, -94.513143
Inclusions:
Building, Land, Leases
Lot Dimensions:
1241 x 1085 x 559
Zoning:
Residential-Multi-Family
Lot Description:
- Irregular Lot
- Many Trees
Farm
Topography:
Level
Schools
School District:
465
District Phone:
320-693-2444
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,823
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,575
Annual Maintenance Expense:
None
Annual Gross Expense:
$10,656
Annual Trash Expense:
$2,395
Annual Water/Sewer Expense:
$1,863
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,568
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,568
Income
Annual Gross Income:
$92,000
Rent
Annual Net Income:
$81,344
Units
Total Units:
12
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
Septic System Compliant - Yes
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
Well
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Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.