For Sale: Litchfield MLS# 7092325
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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 8 of the mobile units on site for additional rental income while the other 6 lots are leased to the other mobile owners. The park owned units include three 2-bed 1-bath units, one 3-bed 1-bath unit, and one four-bed 2-bath unit. 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 up-kept rural residential setting.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$595,000
Property Type:
Commercial
City:
Litchfield
Garage Spaces:
2
County:
Meeker
Year Built:
2004
State:
MN
Property Style:
1 Story
Zip Code:
55355
Interior
Refrigerators:
Four
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
750 ft2
Foundation Size:
1 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Gravel
Road Frontage:
- County Road
- Paved Streets
Rooms
Shared Rooms:
Other
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
5
Geolocation:
45.093292, -94.513143
Inclusions:
Building
Lot Dimensions:
1241 x 1085 x 559
Zoning:
Residential-Multi-Family
Lot Description:
- Irregular Lot
- Tree Coverage - Medium
Farm
Topography:
Level
Schools
School District:
465
District Phone:
3206932444
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,823
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,575
Annual Trash Expense:
$2,395
Annual Water/Sewer Expense:
$1,863
Tenant Expenses:
Cable TV, Electricity, Gas, Heat, Hot Water, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,606
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,606
Income
Annual Gross Income:
$92,000
Rent
Annual Net Income:
$78,800
Units
Total Units:
12
Miscellaneous
Current Use:
Other
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
Septic System Compliant - Yes
Available Utilities:
Electric Separate
Water System:
Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
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.