Building Details

Buildings 12

Construction manufactured

Listing Agency: Rise Property Brokers, Inc. f***@risepropertybrokers.com Show Phone

Listed By: Fred Koenig · License #ND 10260

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:32AM

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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 Rise Property Brokers, Inc.

Investment Insights

Based on property information with market context.

This offering comprises 12 manufactured homes situated in Parkland Court in Rugby, North Dakota; the transaction excludes the individual lots. The homes range from 980 SF to 1,280 SF and feature refreshed interiors with newer cabinetry, tile backsplashes, laminate flooring, recessed lighting, ceiling fans, washer/dryers, and modern kitchen appliances. Finished entries and decks extend the usable living areas, while newer shingled roofs provide an additional recent improvement.

Exterior features vary by unit and include lawn sheds, garages, landscaped yard areas, and mature trees. Eleven homes have 8’ x 12’ lawn sheds, and four include garages. The portfolio is reported at 100% occupancy and an 8% CAP rate. Financial information is available upon request.

Key Highlights

• 12 manufactured homes offered without the underlying lots
• Home sizes range from 980 SF to 1,280 SF
• 100% occupancy and an 8% CAP rate

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

342

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Twelve homes are offered together without the underlying park lots, with modern finishes and established occupancy.

Where is this mobile home & rv park located?

The property is located at 9th St SW Rugby, ND.

What are key features of this property?

This property features: 12 manufactured homes offered without the underlying lots; Home sizes range from 980 SF to 1,280 SF; 100% occupancy and an 8% CAP rate