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28668 Hurtig Road
Pequot Lakes, MN 56472
Asking Price
$1.09M
Asset Type
RV Park Multifamily
Class
Class B
What's Special
Great Opportunity to develop to sell or lease over 100 RV lots <ul><li>35 developed, fully hooked-up deeded lots ready for immediate sale or use</li><li>~79 entitled, platted but undeveloped sites offering future development and appreciation upside</li><li>Low HOA structure of $700 per site per year, covering water, sewer, lawn maintenance, playgrounds, ponds, and shower house</li><li>Established resort infrastructure with roads, utilities, and community amenities</li><li>Located in the Brainerd Lakes Area - a perennial Top 10 Midwest vacation destinat
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NOI
$80,000
Cap Rate
7.34%
DSCR
1.24
Tight
Cash-on-Cash
4.68%
Monthly Payment
$5,392.725
Annual Cash Flow
$15,287.297