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Mobile Home Park

Riverside Court

1300 Riverside Dr, International Falls, MN 56649

Listing Price: $895,000

Cap Rate
7.46%
Number of Spaces
103
Lot Size
13.60 acres
Occupancy
51.0%
Price/Space
$8,689
Spaces/Acre
7.57
Year Built
1967

Investment Overview

This Property has the perfect combination of manufactured housing, storage units and RV lots. International Falls is growing with several new retail establishments opening soon and the airport is in the middle of an expansion. With the addition of some new capital and management, this park has some tremendous upside potential.

Investment Highlights

  • This area is a mecca for outdoor lovers. Great fishing and lakes nearby along with Voyagers National Park, resorts, hiking, camping, and snowmobile trails.
  • 20 Storage units that are fully occupied and several acres of land prime for development into either more self storage or a retail establishment.
  • Property is located on 900 feet of frontage on the Rainy River and near a new bridge being built to connect the city with Canada.
  • There is also a large storage building that could be used for additional storage income.

Exclusively Listed By

Financing By

Listing Price: $895,000

Cap Rate
7.46%
Number of Spaces
103
Lot Size
13.60 acres
Occupancy
51.0%
Price/Space
$8,689
Spaces/Acre
7.57
Year Built
1967

Investment Highlights

  • This area is a mecca for outdoor lovers. Great fishing and lakes nearby along with Voyagers National Park, resorts, hiking, camping, and snowmobile trails.
  • 20 Storage units that are fully occupied and several acres of land prime for development into either more self storage or a retail establishment.
  • Property is located on 900 feet of frontage on the Rainy River and near a new bridge being built to connect the city with Canada.
  • There is also a large storage building that could be used for additional storage income.

Investment Overview

This Property has the perfect combination of manufactured housing, storage units and RV lots. International Falls is growing with several new retail establishments opening soon and the airport is in the middle of an expansion. With the addition of some new capital and management, this park has some tremendous upside potential.

Exclusively Listed By

Financing By

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