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Sunset Mobile Home Park
221 Greenwood Ave. West
HECTOR, MINNESOTA
Listing Price Reduced to $385,000!!!!
HECTOR, MINNESOTA
Listing Price Reduced to $385,000!!!!
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LOCATION HIGHLIGHTS
Hector is a nice small town with a population of about 1,200 on U.S. Highway 212 about 55 miles west of Minneapolis. The city has a local library and swimming pool. Sunset Mobile Home Park is located at the junction of U.S Highway 212 and County Road 4. In 2005 the streets and parking pads were completely removed and replaced. There are 28 pads in the park. There is off street parking for two vehicles per site. City water and sewer is provided and there are two (part-time) managers. INVESTMENT OVERVIEW Sunset Mobile Home Park is an owner occupied mobile home park and the lot rent is $260 per month. Sunset Mobile Home Park is a very safe park and background checks are conducted on all new residences. When lots are available the owner will purchase mobile homes and sell them on a contract for title. Sunset Mobile Home Park has historically operated at a significant net profit. The future outlook is very favorable as there is an employer opening a plant in town that will possibly employ several hundred new workers. New asphalt was installed on the streets in 2005 at a cost of $64,854, and new water lines have been installed in 2012 at a cost of $58,850. Also a plant will be opening soon nearby that will employ several hundred people. Included is a storage shed, IHC tractor with loader, riding lawn mower, and miscellaneous equipment. Also included is a 14x70 mobile home that is for sale and a contract receivable on a 14x70 mobile home being financed by the owner to a tenant with a remaining contract balance of approximately $12,900 (this amount will vary as payments are made by the tenant) Click the link below for more financial information. Sunset Mobile Home Park Financial Information Complete financial information will be provided to serious buyers. Contact Ken at (701) 795-5062 or (800) 993 4307 or email him at ken@bulielaw.com for more information. |
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