Desirable 55+ Mobile Home Park in Duluth, MN

Listing Number: 17441-921920

Description

This 55+ mobile home park spans 7.5 acres and has 20 lots, with some currently being used as double lots. The property features a common area with parking, the current owner’s home (being leased out as of Oct 2024) and garage/shop with an apartment above, as well as a lot used as a garden.

Most residents at this park own their mobile home and lease a lot from the owner, although a few lots and the mobile homes on them are owned by the park owner. Since most residents own their own mobile homes and are responsible for the upkeep of their individual lots, this park is relatively easy to maintain!

Listing Details

• Price: $1,200,000
• Down Payment: $600,000
• Sellers Discretionary Earnings: $79,528
• Total Sales: $105,085
• Location: St. Louis County, Minnesota


• Inventory: $0
• FF&E: $30,000
• Employees: 1
• Year Established: 2005
• Reason for Selling: Retirement
• Category: Real Property Rltd