$400,000
$425,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
120 Washburn AVE Belgrade, MN 56312
1,000 SqFt
Key Details
Sold Price $400,000
Property Type Single Family Home
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $400
Subdivision Kalkmans Add
MLS Listing ID 6317908
Sold Date 03/03/23
Year Built 1980
Annual Tax Amount $3,104
Tax Year 2022
Contingent None
Lot Size 2.300 Acres
Acres 2.3
Lot Dimensions 290x400
Property Description
Great Investment Opportunity with 11% Cap Rate & Seller Financing Options Available. 14 Unit mobile home park in great condition with many recent updates including new storm shelters, water meters, electrical pedestals, storage sheds, parking pads, and 4 newer trailers. $5,000+ in monthly rental income with 3 vacant pads to fill for additional cash flow plus one vacant trailer. Six trailers are tenant owned with each paying $250 in rent plus water/sewer. Five trailers are owned by seller producing $850-$1000 in monthly rent. Storage shed on site for owners’ personal property and plenty of off street parking for guests. No vacancies in this growing area with many successful businesses needing employees and housing.
Location
State MN
County Stearns
Zoning Residential-Multi-Family
Rooms
Basement None
Interior
Heating Forced Air
Fireplace No
Building
Story One
Foundation 1000
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Vinyl Siding
New Construction false
Schools
School District Belgrade-Brooten-Elrosa
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