Exit Agent Site Home Call Us About Login
Map Search Area Search MLS#/Addr Featured New Const. Local Info
My Account Buying Selling Title Mortgage Inspections

For Sale:  Litchfield MLS# 6758364

My notes for this property


Add listing to my favorites (required)
Active
$649,900
/mo Edit
Commercial:  1 Story
Built 2004
5 acres
MLS# 6758364
612-201-2213
My rating:
Favorite
Ask Question
Request a Showing  
Agent
Ask Sheila:

Ask the Agent℠

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Terms & Conditions






    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    Located just south of Litchfield near the airport, this well maintained mobile home park offers great space. Sitting on 5 acres, it has 12 designated lots. The park owns 6 of the mobile units on site for additional rental income while the other 6 lots are leased to other mobile owners. The park owned units include three 2-bed 1-bath units, one 3-bed 1-bath unit, and one 4-bed 2-bath unit. Property is served by two septic systems that each can support up to 8 homesites. Currently, the north system is serving 8 homes and the south system is serving 4 so expansion is possible for the south system. Monthly gross cashflow potential without changing existing rental terms is over $7, 500/month. Property also includes a large 3 car garage for onsite storage or convert to additional rental income. This is a great opportunity for a nicely upkept rural residential setting.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $649,900
    Property Type: Commercial
    City: Litchfield
    Garage Spaces: 2
    County: Meeker
    Year Built: 2004
    State: MN
    Property Style: 1 Story
    Zip Code: 55355

    Interior

    Refrigerators: Four

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Size: 750 ft2
    Foundation Size: 1 ft2
    Foundation Dimensions: Irregular
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Detached Garage
    • Gravel
    Road Frontage:
    • County Road
    • Paved Streets

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 5
    Geolocation: 45.093292, -94.513143
    Inclusions: Building, Land, Leases
    Lot Dimensions: 1241 x 1085 x 559
    Zoning: Residential-Multi-Family
    Lot Description:
    • Irregular Lot
    • Tree Coverage - Medium

    Farm

    Topography: Level

    Schools

    School District: 1755
    District Phone: 3206932444

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,823
    Annual Fuel Expense: None
    Annual Insurance Expense: $4,575
    Annual Maintenance Expense: None
    Annual Trash Expense: $2,395
    Annual Water/Sewer Expense: $1,863
    Tenant Expenses: Cable TV, Electricity, Gas, Heat, Hot Water, Telephone

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,568
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $2,568

    Income

    Annual Gross Income: $92,000

    Rent

    Annual Net Income: $81,344

    Units

    Total Units: 12

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: Septic System Compliant - Yes
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: Well

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

    Apply Online     Contact Eric     Subscribe to My Newsletter    

    Listing provided by RMLS, courtesy of RE/MAX Advantage Plus.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.