Mobile Home Park
For Sale
Contact for pricing
601 Parkland Dr SW, Rugby, ND 58368
102-pad mobile home community portfolio on city water and sewer, zoned MH Park Space in Rugby, ND.
Property SizeContact for details
Lot Size16.24 Acres
Days on Market143
Property Features for 601 Parkland Dr SW
General Information
Standard status
Active
Lot size
16.24 Acres
Property subtype
Mobile Home Park
Zoning
MH Park Space
Additional Details
Business Included
Yes
Utilities to Site
Yes
Listing Agency:
Mr. Landman
(217) 202-0924
Listed By:
Jon Fisher · License #IL 471.020503
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 12:40AM
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 Mr. Landman
Investment Insights
Based on property information with market context.
Rugby MHP portfolio is a 102-pad mobile home community located on 16.24 acres in Rugby, North Dakota. The portfolio consists of three separate parks in the same city: Parkland Courts North, Parkland Courts South, and Eastgate Estates, with two of the parks located across the road from each other. The park is believed to have been developed in the early 1980s and is zoned MH Park Space. The property is not located in a flood zone.
The community is on city water and city sewer, and underground pipe material is believed to be PVC. Residents are direct billed for utilities and trash. Park roads include asphalt and gravel; Parkland Courts North and South are described as being in average condition, while Eastgate Estates’ gravel road needs some attention. Tenants mow their own pads, and the park mows common areas, with snow removal handled by a third-party vendor as needed. The park uses annual leases and is currently managed by a third-party professional management firm with a maintenance man.
The portfolio includes 70 occupied pads, with 64 trailers described as tenant-owned with rents averaging between $230 and $250 per month, and three tenant-owned trailers renting between $450 and $650 per month. There are three trailers that need to be removed, and two abandoned trailers with liens for back taxes from the local government. The current owner has been bringing pad rental rates up to market levels, with rent increases last raised in August 2021 and additional notifications for a $20 per month increase starting August 15, 2022. There are currently five tenants behind in rent but described as catching up.
The community is on city water and city sewer, and underground pipe material is believed to be PVC. Residents are direct billed for utilities and trash. Park roads include asphalt and gravel; Parkland Courts North and South are described as being in average condition, while Eastgate Estates’ gravel road needs some attention. Tenants mow their own pads, and the park mows common areas, with snow removal handled by a third-party vendor as needed. The park uses annual leases and is currently managed by a third-party professional management firm with a maintenance man.
The portfolio includes 70 occupied pads, with 64 trailers described as tenant-owned with rents averaging between $230 and $250 per month, and three tenant-owned trailers renting between $450 and $650 per month. There are three trailers that need to be removed, and two abandoned trailers with liens for back taxes from the local government. The current owner has been bringing pad rental rates up to market levels, with rent increases last raised in August 2021 and additional notifications for a $20 per month increase starting August 15, 2022. There are currently five tenants behind in rent but described as catching up.
Key Highlights
- 102‑pad mobile home community portfolio on 16.24 acres in Rugby, ND, made up of three parks: Parkland Courts North, Parkland Courts South, and Eastgate Estates.
- Zoned MH Park Space and not located in a flood zone.
- On city water and city sewer (public water & sewer); underground pipe material believed to be PVC.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 58368, ND
3,418
Population
1,668
Households
2
Avg Household Size
46
Median Age
33%
College-Educated
94%
High-School Grad
636.6 sq mi
ZIP Area
5
Density / Sq Mi
$56,209
Median Household Income
$42,625
Median Earnings
$815
Median Rent
$151,200
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 - 102-pad mobile home community portfolio on city water and sewer, zoned MH Park Space in Rugby, ND.
Where is this mobile home & rv park located?
The property is located at 601 Parkland Dr SW Rugby, ND.
What are key features of this property?
This property features: 102‑pad mobile home community portfolio on 16.24 acres in Rugby, ND, made up of three parks: Parkland Courts North, Parkland Courts South, and Eastgate Estates.; Zoned MH Park Space and not located in a flood zone.; On city water and city sewer (public water & sewer); underground pipe material believed to be PVC.
