1227 Stephen St Thief River Falls, MN 56701
- Land
Current Use by Public Records
- Land
Property Details for 1227 Stephen St
- Year built
- 1982
- Property type
- Land
Description
This exceptional investment opportunity in Thief River Falls, Minnesota, presents a well-established 29-unit manufactured home park situated on a parcel of land at 1227 Stephen Street, zip code 56701. The property, built in 1982, offers a diverse range of two and three-bedroom units, each featuring one or two bathrooms. All units are currently occupied on a largely full-time basis, reflecting a strong rental history. The park has been under the same ownership for the past decade, demonstrating consistent occupancy and management. Each unit includes outdoor parking for two vehicles. A park manager oversees the property, ensuring smooth operations and tenant management. A rigorous application process, including background and credit checks, is in place for all potential residents. The sale includes all 29 units "as is." The property is offered at an asking price of $625,000. Please allow ample time for scheduling appointments to accommodate current residents. Exterior photos are available upon request. This is a turnkey opportunity for investors seeking immediate income generation in a stable rental market. The property's location in Pennington County provides convenient access to local amenities and services.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thief River Falls
- County
- Pennington
- State
- Minnesota
- Longitude
- -96.2015
- Latitude
- 48.115
