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418 11th St S
22 Unit Mobile Home Park £434,989 (£19,772/Unit) 13.29% Net Initial Yield Wahpeton, ND 58075
Executive Summary
The Seller acquired the property in 2019 from a family member. In 2020, the Seller began clean-up of the property, renovaton of existng
mobile homes, and improvement in the tenant base. During the period of 2020-2023 the Seller has invested over $70,000 into the property. 2023 represents the first year of the “new beginnings” of the mobile home park and the beginning of a transiton to a deliberate strategy to
rent available units. The property is ready for a new owner to benefit from this transiton.
mobile homes, and improvement in the tenant base. During the period of 2020-2023 the Seller has invested over $70,000 into the property. 2023 represents the first year of the “new beginnings” of the mobile home park and the beginning of a transiton to a deliberate strategy to
rent available units. The property is ready for a new owner to benefit from this transiton.
Property Facts
| Price | £434,989 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | £19,772 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.41 AC |
| Net Initial Yield | 13.29% | Building Size | 14,000 SF |
| No. Units | 22 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1980/2002 |
| Price | £434,989 |
| Price Per Unit | £19,772 |
| Sale Type | Investment |
| Net Initial Yield | 13.29% |
| No. Units | 22 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.41 AC |
| Building Size | 14,000 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1980/2002 |
Unit Amenities
- Air Conditioning
- Heating
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PROPERTY TAXES
| Parcel Number | 50080114254000 | Improvements Assessment | £39,577 |
| Land Assessment | £8,201 | Total Assessment | £47,778 |
PROPERTY TAXES
Parcel Number
50080114254000
Land Assessment
£8,201
Improvements Assessment
£39,577
Total Assessment
£47,778
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418 11th St S
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