Princeton Mobile Home Park
1201 12th Street North Princeton, MN 55371
For Sale
Contact for pricing
23-unit mobile home park with significant rental upside.
Days on Market75
Property Features for 1201 12th Street North
General Information
- Standard status
- Active
- Property subtype
- Mobile Home Park
Listing Agency:
eXp Commercial
Listed By:
Phillip Li · License #2563988
Source:
Crexi
Added: May 11
Changed: Jul 10
Last Checked: Jul 23 at 6:33AM
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
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
FAQs
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.
