I know the owners of a park in Northern Minnesota . Was originally interested in purchasing the park but it is too far from my park in Southern Minnesota and is too much of a project cleanup wise and infilling of homes. I already have one of these project type parks.
Park Info: Northern Minnesota, very small town located in a decent Metro Area of 50,000 population. 57 lots, 20 storage units, 11 RV Camper spaces, 1 nicely renovated house. All resident owned. Rent $205 I figure can go to $250, includes water/sewer, city utilities, gravel/dirt roads. 10 acres I believe. 29 homes in park and 4 are vacant in bad shape. Lots of trees. Maybe 30% to 40% pitched roof homes, 1 double wide. Owners claim sewer and water lines never have issues and I spoke with a guy in the park who has been there 20+ years and he said never really has seen issues with clogs or leaks. Did a test ad that pulled 20+ unique responses from just Craigslist at $600 per month for sale or rent 2 and 3 bedrooms. Metro housing prices were higher than the local town. $150,000 metro, $90,000 town
Local Bank interested
Some well kept newer homes with pride
House, Storage units and Camper lots
Test ad did well
Junk on lots
Some storage door tracks need repair
4 tear downs or heavy renovations
I have owners contact info and pictures. Let me know if your interested. If a purchase occurs, I would just ask for a small finders fee on a gentleman’s agreement.