302 Delaney St Alexander, ND 58831
This exceptional investment opportunity presents a thriving 19-unit mobile home park situated on a spacious 3.7-acre lot in Alexander, North Dakota. The park boasts a total of 1,130 square feet of living space, distributed across well-maintained manufactured homes built in 2010. Nine units offer two bedrooms, while the remaining nine units provide three bedrooms, catering to a diverse range of residents. The property's convenient location in Alexander, ND, offers residents easy access to local amenities and services. Ample off-street parking is available for all residents, enhancing the overall convenience and appeal of the park. This turnkey operation presents a strong cash flow potential for investors seeking a stable and profitable venture in the North Dakota market. The existing infrastructure and established tenancy provide a solid foundation for continued success and future growth. This is a rare opportunity to acquire a well-established mobile home park with significant upside potential. The property's size and location make it an attractive investment for both seasoned and new investors looking to expand their portfolio. Serious inquiries are encouraged to explore this promising investment opportunity further. Financial details and supporting documentation are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.