3850 River Rd, Grand Rapids, 55744

Commercial - Business Opportunity, Apartments/Multi Family, Other For Sale


MLS® #: 5240070
Active, 80 Days on Market

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 5240042. Can be purchased together or separately.

Essential Information

MLS® #: 5240070
Price: $275,000
Square Footage: 400
Acres: 10.41
Year Built: 1900
Type: Commercial
Sub-Type: Business Opportunity, Apartments/Multi Family, Other
Style: Business Opportunity, Apartments/Multi Family, Other
Status: Active

Community Information

Address: 3850 River Rd
City: Grand Rapids
County: Itasca
State: MN
Zip Code: 55744


# of Garages: 2
Garages: Detached Garage, Uncovered/Open, Driveway - Asphalt


Heating: Forced Air


Exterior: Metal, Vinyl
Foundation: 400

School Information

District: 316 - Greenway

Additional Information

Date Listed: May 31st, 2019
Days on Market: 80
Zoning: Residential-Multi-Family
Current Use: Residential

Listing Details

Listing Office: Ferndale Realty


$/SqFt: $688

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Lindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Lindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Lindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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Listing information last updated on August 19th, 2019 at 6:35am CDT.