3911 Brian Rd Duluth, MN 55803
- Mobile home & RV parks
- 7.50 lot acres
Current Use by Public Records
- Outskirts Village Mobile Home Park / Mobile Home Park
Property Details for 3911 Brian Rd
- Year built
- 2005
- Lot size
- 7.50 lot acres
- Property type
- Mobile home & RV parks
Description
This exceptional 55+ mobile home park in Duluth, MN, presents a lucrative investment opportunity. Spanning 7.5 acres, the property boasts 20 lots, some configured as double lots, generating a gross revenue of $105,085 and an SDE of $79,529. Built in 2005, the park includes five buildings: the owner's 2-bedroom, 1-bathroom home (currently leased until October 2024), a garage/shop with an upper apartment, and three additional park-owned mobile homes. A common area with parking and a garden lot enhance the property's appeal. The park's location on a quiet street offers city utilities and proximity to Duluth's attractions, including Lake Superior's shoreline and Canal Park. Most residents own their mobile homes, simplifying maintenance. The sale includes the land, buildings, three mobile homes, a Kubota tractor, and a lawnmower. Seller financing is available at 50%. The current owner's minimal involvement allows for flexible management. This turnkey operation offers a strong return on investment and significant potential for future growth in a desirable location. The asking price is $1,200,000, with $30,000 in FF&E included. The park currently employs one part-time worker. The owner's reason for selling is retirement after 19 years of ownership.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.0910555
- Latitude
- 46.8577968
