For Sale: Annandale MLS# 6824520
Active
$1,700,000
Commercial: Other
Built 1960
7.188 acres
Sibley East schools
MLS# 6824520
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Property Description
This well-maintained property near Annandale, Minnesota offers a compelling, turnkey investment comprised of 29 mobile home pads, a duplex, and four storage units—creating multiple, diversified income streams just a short drive from the Twin Cities. The asset is offered at a pro forma 8.96% cap rate, with the potential for even stronger returns when factoring in the included trailer contracts. The park delivers immediate and dependable cash flow from day one. Of the 29 mobile homes, 27 are individually metered, significantly reducing operating expenses and streamlining utility management for ownership. Ideally located near Annandale’s local amenities and with convenient access to major routes connecting to the Twin Cities, the property blends small-town appeal with commuter accessibility. With stable occupancy, efficient operations, and multiple revenue sources, this offering presents an exceptional opportunity for investors seeking consistent cash flow and long-term value appreciation.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,700,000
Property Type:
Commercial
City:
Annandale
Garage Spaces:
0
County:
Wright
Year Built:
1960
State:
MN
Property Style:
Other
Zip Code:
55302
Exterior
Garage Spaces:
0
Foundation Size:
720 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Open
Lot & Land
Acres:
7.188
Geolocation:
45.267586, -94.140863
Inclusions:
Building, Land, Leases
Lot Dimensions:
IRR
Zoning:
Residential-Multi-Family
Schools
School District:
2310
District Phone:
3202745602
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,334
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$4,334
Income
Annual Gross Income:
$196,000
Units
Total Units:
35
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
Mound Septic
Available Utilities:
Electric Separate
Water System:
Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Ferndale Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.