Two Mobile Home Park
For Sale
Contact for pricing
202 Dakota St S, Tioga, ND 58852
REO portfolio includes two mobile home parks with 283 total sites and current occupancy of 57%.
Property SizeContact for details
Days on Market120
Property Features for 202 Dakota St S
General Information
Standard status
Active
Property subtype
Mobile Home Park
Occupancy
57%
Additional Details
Cap Rate
7.8%
Listing Agency:
Sunstone Real Estate Advisors
Listed By:
Kolman Bubis · License #IL 475173212
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 5:18AM
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 Sunstone Real Estate Advisors
Investment Insights
Based on property information with market context.
Sunstone offers an REO portfolio featuring two mobile home parks in Williston and Tioga. The combined properties include 226 sites in Williston and 57 sites in Tioga. The portfolio is being offered for sale with current occupancy of 57%, and the asking price reflects a 7.8% cap rate based on income and expenses derived from in-place occupancy.
Purchase of the real estate is required together with two separate portfolios of rental mobile homes located on-site at the parks. One on-site portfolio consists of 40 homes owned by the lender and occupied by mostly non-oil industry tenants. A second on-site portfolio consists of 68 homes owned by a non-lender third party; that third party provides a $300 per month per site master lease payment. Buyer must bid separately for both home portfolios in addition to the real estate, with pricing for the home portfolios provided on a “Request for Bid” basis.
Purchase of the real estate is required together with two separate portfolios of rental mobile homes located on-site at the parks. One on-site portfolio consists of 40 homes owned by the lender and occupied by mostly non-oil industry tenants. A second on-site portfolio consists of 68 homes owned by a non-lender third party; that third party provides a $300 per month per site master lease payment. Buyer must bid separately for both home portfolios in addition to the real estate, with pricing for the home portfolios provided on a “Request for Bid” basis.
Key Highlights
- REO portfolio of two mobile home parks in Williston (226 sites) and Tioga (57 sites) with 283 total sites
- Current occupancy is 57% with property income based on in‑place occupancy
- Asking price for real estate is $7,500,000, equating to a 7.8% cap rate based on income/expenses from in‑place occupancy
Property Analytics
Current Use
Lease Details
57%
Occupancy
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 58852, ND
2,822
Population
1,277
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
87%
High-School Grad
310.6 sq mi
ZIP Area
9
Density / Sq Mi
$67,143
Median Household Income
$49,193
Median Earnings
$1,043
Median Rent
$207,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - REO portfolio includes two mobile home parks with 283 total sites and current occupancy of 57%.
Where is this mobile home & rv park located?
The property is located at 202 Dakota St S Tioga, ND.
What are key features of this property?
This property features: REO portfolio of two mobile home parks in Williston (226 sites) and Tioga (57 sites) with 283 total sites; Current occupancy is 57% with property income based on in‑place occupancy; Asking price for real estate is $7,500,000, equating to a 7.8% cap rate based on income/expenses from in‑place occupancy
