Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1919543
  • Posted On: Oct 25, 2022
  • Updated On: Mar 27, 2023

Description

Verndale MHP is a 18-pad mobile home community located on 8.85 acres in Verndale, MN. The park is believed to have been developed in the early 1970's and has served the community by offering an affordable housing option since that time. The property is zoned for a MHP. The park is not located in a flood zone. The park is presently managed by a 3rd party professional management firm. The park does not have a maintenance man.

The park is comprised of two separate parcels (each approximately 4.5 acres). There are currently not any trailers that need to be removed from the premises. Of the 16 occupied pads in the park, all of the trailers are TOH's currently averaging $350/month. Their are currently two vacant POH's in the park that could be renovated. The last rent increase was in January of 2021. The park utilizes annual leases.

PUBLIC WATER & SEWER! Verndale MHP is on city water & city sewer! The underground pipe material is believed to be a combination of PVC and metal. Residents are direct billed for electricity, & gas by the utility providers. Water & sewer is currently being paid by the park, and the next ownership group should strongly consider the installation of water meters and/or implementing RUBS. Garbage is built into the lot and home rent. The road through the park is owned by the park and seller says it is maintained by the city and the park combined. The tenants mow their own pads and the park mows the common areas. The city and the park plows the snow as needed.

Location

Verndale is a city in Wadena County, Minnesota. The population
was 602 at the 2010 census.

Verndale is located:
38 Miles West of Brainerd, MN
60 Miles East of Fergus Falls, MN
147 Miles NW of Minneapolis, MN

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 88.0 %
Year Built: 1970
Average MH Lot Rent: $350
Size: 9 acre(s)

Lot Information

Singlewide Lots: 17

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $0

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