Princeton Mobile Home Park
For Sale
Contact for pricing
1201 12th Street North, Princeton, MN 55371
23-unit mobile home park with significant rental upside.
Property SizeContact for details
Days on Market122
Property Features for 1201 12th Street North
General Information
Standard status
Active
Class
C
Property subtype
Mobile Home Park
Occupancy
86%
Investment Type
Value Add
Net Operating Income
$31,622
Listing Agency:
eXp Commercial
Listed By:
Phillip Li · License #2563988
Source:
Crexi
Added: May 11
Changed: Sep 4
Last Checked: Sep 8 at 7:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
Princeton Mobile Home Park, located in Princeton, Minnesota, is a 23-unit community available for sale. Positioned approximately 50 miles from Minneapolis, the property includes 19 lot renters paying $303 per month, a single-family home rented for $825 per month, and three vacant lots with existing infrastructure. A new investor has the opportunity to increase rents to market rate, with average lot rents in the market at $589, presenting a potential rental growth of approximately $286. The three vacant pads offer further upside, as they are ready for immediate occupancy with full hook-ups already in place. This fully occupied lot-rent community offers operational upside primarily through below-market rents, serving a steady demand base for affordable housing within commuting distance of Minneapolis.
Key Highlights
- Significant rental upside: Increase lot rents to the market average of $589, offering approximately $286 of potential growth per lot.
- Stabilized, 23‑unit mobile home park community with 19 occupied lots and a single‑family home generating immediate income.
- Three vacant lots with existing infrastructure (full hook‑ups) provide immediate opportunity to increase occupancy and revenue.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 55371, MN
17,132
Population
6,838
Households
2.5
Avg Household Size
40
Median Age
19%
College-Educated
94%
High-School Grad
196.0 sq mi
ZIP Area
87
Density / Sq Mi
$89,674
Median Household Income
$48,624
Median Earnings
$946
Median Rent
$299,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 23-unit mobile home park with significant rental upside.
Where is this mobile home & rv park located?
The property is located at 1201 12th Street North Princeton, MN.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Significant rental upside: Increase lot rents to the market average of $589, offering approximately $286 of potential growth per lot.; Stabilized, 23‑unit mobile home park community with 19 occupied lots and a single‑family home generating immediate income.; Three vacant lots with existing infrastructure (full hook‑ups) provide immediate opportunity to increase occupancy and revenue.
