For Sale: Southside Twp MLS# 6824520
Active
NEW!
$1,700,000
Commercial: Apartments
Built 1960
7.19 acres
Annandale schools
MLS# 6824520
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Property Description
This well-maintained property near Annandale, Minnesota features 29 mobile home pads, a fully rented duplex, and four income-producing storage units, offering a diverse and turnkey investment opportunity just a short drive from the Twin Cities. The property is offered at an 8.96% cap rate, with returns even higher when factoring in the included trailer contracts. The mobile home park is fully occupied, providing steady, reliable income from day one. Of the 29 mobile homes, 27 are individually metered, greatly reducing ownership expenses and simplifying utility management.
Located close to Annandale’s amenities and with convenient access to major routes leading to the Twin Cities, this property offers an attractive blend of small-town living and commuter accessibility. With its stable occupancy, multiple income sources, and efficient operations, it represents an exceptional opportunity for investors seeking long-term value and consistent cash flow.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,700,000
Property Type:
Commercial
City:
Southside Twp
Garage Spaces:
0
County:
Wright
Year Built:
1960
State:
MN
Property Style:
Apartments
Zip Code:
55302
Exterior
Garage Spaces:
0
Other Parking Spaces:
40
Foundation Size:
720 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Open
Exterior Material:
- Metal Siding
- Vinyl Siding
Lot & Land
Acres:
7.19
Geolocation:
45.267586, -94.140863
Inclusions:
Building, Land, Leases
Lot Dimensions:
IRR
Zoning:
Residential-Multi-Family
Schools
School District:
876
District Phone:
320-274-5602
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,334
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$4,334
Income
Annual Gross Income:
$196,000
Units
Total Units:
35
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
Mound Septic
Available Utilities:
Electric Separate
Water System:
Well
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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!
Listing provided by RMLS,
courtesy of Ferndale Realty.
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.