For Sale: Perham MLS# 6474443
Active
$2,750,000
Commercial: Business,Other
Built 1975
10.97 acres
Perham-Dent schools
MLS# 6474443
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Property Description
Seller offering $20, 000 credit towards buyer's closing costs. 9.6 Cap Rate! Welcome to Pine Cone Park in Perham, MN - A 56 lot Mobile Home Community with room to expand on available adjacent lot. 12 Trailers owned by seller. Seller has installed a new cluster of mailboxes for each lot address. Each trailer is hooked up to city sewer and water. There is a lift station for the sewer. The city of Perham has an abundance of manufacturing jobs. The city is growing at a rate of 2.19% annually and its population has increased by 6.75% since the most recent census, which recorded a population of 3, 495 in 2020. A new high school was built in 2019 with a state of the art wellness center. Call today for more information on this great investment opportunity!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,750,000
Property Type:
Commercial
City:
Perham
Garage Spaces:
0
County:
Otter Tail
Year Built:
1975
State:
MN
Property Style:
Business, Other
Zip Code:
56573
Exterior
Garage Spaces:
0
Other Parking Spaces:
56
Foundation Size:
1 ft2
Handicap Accessible:
None
Heating System:
None
Parking Features:
Asphalt
Exterior Material:
Other
Lot & Land
Acres:
10.97
Geolocation:
46.601117, -95.588638
Inclusions:
Land, Other
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Farm
Topography:
Level
Schools
School District:
549
District Phone:
218-346-4501
Expenses
Annual Caretaker Expense:
$1,000
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,891
Annual Maintenance Expense:
$500
Annual Gross Expense:
$59,131
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$34,742
Tenant Expenses:
Electricity, Trash Collection
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$4,186
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,186
Income
Annual Gross Income:
$322,800
Rent
Annual Net Income:
$263,669
Units
Total Units:
56
Miscellaneous
Current Use:
- Commercial
- Other
- Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of The Real Estate Company of Detroit Lakes.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.