Mobile Home Park
Rock Island MHP
604 White St SW, Watertown, MN 55388
Listing Price: $2,830,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Rock Island MHP, a 38-site manufactured housing community located in Watertown, Minnesota, within the rapidly growing western Twin Cities corridor. The community benefits from strong in-place occupancy, stable recurring cash flow, and an attractive affordability advantage relative to surrounding suburban housing markets. Positioned approximately 45 minutes west of Downtown Minneapolis, Rock Island MHP provides residents convenient access to major employment centers throughout Waconia, Chaska, Minnetonka, and the broader Minneapolis–St. Paul metropolitan area. The offering presents investors with a combination of durable in-place income and identifiable revenue growth opportunities through continued rent increases, utility reimbursements, and the potential development of six additional sites.
Investment Highlights
- 36 MH Sites Plus Two Apartments
- 97 Percent Occupancy at Close
- $342 Per Month below Comparable Rents
- Public Water and Sewer (Billed Back)
- Located Approximately 30 Minutes West of Minneapolis' Affluent Western Suburbs
Listing Price: $2,830,000
Investment Highlights
- 36 MH Sites Plus Two Apartments
- 97 Percent Occupancy at Close
- $342 Per Month below Comparable Rents
- Public Water and Sewer (Billed Back)
- Located Approximately 30 Minutes West of Minneapolis' Affluent Western Suburbs
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Rock Island MHP, a 38-site manufactured housing community located in Watertown, Minnesota, within the rapidly growing western Twin Cities corridor. The community benefits from strong in-place occupancy, stable recurring cash flow, and an attractive affordability advantage relative to surrounding suburban housing markets. Positioned approximately 45 minutes west of Downtown Minneapolis, Rock Island MHP provides residents convenient access to major employment centers throughout Waconia, Chaska, Minnetonka, and the broader Minneapolis–St. Paul metropolitan area. The offering presents investors with a combination of durable in-place income and identifiable revenue growth opportunities through continued rent increases, utility reimbursements, and the potential development of six additional sites.