Great little off market MHP in Princeton, MN
1 vacant pad
2 SFRs - Seller said this parcel could be sold for 200-250K. That was their evaluation
24 total renters potentially when the vacant pad is filled. Rents are $100-150 below market rents.
City utilities. One master water meter. Sub metering will force the NOI up by 50K yearly. Currently Netting 28K.
After sub metering, the yearly net would increase to $78,000.
Asking $600,000, no seller financing is offered.
Please leave an email and I will send you financials. Thanks