3850 River Road Grand Rapids, MN $ 275,000
3850 River Road
$ 275,000

3850 River Road

Grand Rapids, MN, 55744
$ 275,000
Bedrooms Baths0.0

Monthly Estimate*

$ 1,311

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Commercial Property for sale in Grand Rapids, MN

for $275,000. This building was built in 1900 on a lot size of 10.410 Acre(s).

Welcome to Green Acres Mobile Home Community. This 12 pad, cash flowing, 100% occupied, park nestled among the tall pines of the north is absentee-run with all homes being tenant-owned. A new septic in 2017 makes this park a turn-key investment opportunity for new investors or a great addition to a portfolio for a seasoned investor. The onsite management is trained to handle park maintenance. Consider this opportunity to own a well-run turn-key park today! 10%+ cap rate. Cap rates does not include balance of around 33, 000 in Contracts on homes. Owner also selling MLS . Can be purchased together or separately.

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Commercial Active

Price

$ 275,000

Property Type

Commercial

Taxes

$ 2,094

Style

Residential

Lot Size

10.410 Acre(s)

Year Built

1900

Town/City

Grand Rapids

County/Region

Itasca

MLS | Web ID

5240070

Features
Interior
Heating Source Propane
Heating System Forced Air
Sewer Mound System Private Sewer
Water Source Well
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Exterior
Driveway Asphalt Driveway
Garage Detached
Parking Open Parking Parking Spaces - multiple
Siding Metal Exterior Vinyl
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Miscellaneous
Commercial Sale Includes Business Sale Includes Land Sale Includes Leases
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* Excluded Features
List By

Listing Agent

Ferndale Realty

Broker

Affordability Calculator

$1,486
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,311
Monthly Property Taxes
$175
Monthly Home Insurance
--
Edit Insurance and Taxes
Default based on a 30-year fixed rate of 3.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
316 - Greenway School District

Map


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3850 River Road, Grand Rapids, MN, 55744 is a Commercial Property for sale at $275,000 with a lot size of 10.410 Acre(s). 3850 River Road has 0.0 baths and was built in 1900. The property's zip code is 55744 which is in Grand Rapids, MN