2121 E Camp St

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2121 E Camp St

Ely, MN 55731
Asking Price
$1.20M
Asset Type
Mobile-home-park
Class
Class B

What's Special

RV Park, 61 Sites Currently, 51 - 61 Expansion Sites, Favorable Seller Financing, 25% IRR <ul><li>​<span style="color: rgba(0, 0, 0, 1)">Seller financing available with $100K down; 5-year interest-only at 5.5% with no payments for a year - qualified buyers only.</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">True value-add opportunity with no current income; upside driven by lease-up of 23 sites and development of 35 additional entitled sites.</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">A conditional use permit may allow expansion beyond the current 59 spaces, subjec

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

Location & Travel Times