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1201 12th Street North

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Home/MN/Princeton

1201 12th Street North

Princeton, MN 55371
Asking Price
$760K
Cap Rate
4.16%
Asset Type
Mobile-home-park
Class
Class B

What's Special

100% Lot renter community with Below Market Rents & City Utilities offered at $760k <ul><li>​<span style="color: rgba(0, 0, 0, 1)">Meaningful revenue growth through rental increases. Lot rents are on average $286 below market, supporting 8.89% Proforma COCR</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Operational simplicity due to being a 100% lot-rent community. This structure minimizes maintenance responsibilities and expense volatility</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Stabilized community with City W&S - Included

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NOI
$80,000
Cap Rate
10.53%
DSCR
1.77
Strong
Cash-on-Cash
15.30%
Monthly Payment
$3,760.065
Annual Cash Flow
$34,879.216

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