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    OFF-MARKET
    Mobile home & RV parks

    3911 Brian Rd, Duluth, MN 55803

    7.5 ac lot Built 2005
    Property ID
    US46-3020961
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Mobile home & RV parks
    Year built 2005
    Lot 7.5 ac (326,700 SF)
    UPID US46-3020961
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Outskirts Village Mobile Home Park Campground & RV Park
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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