Home › 262 Pine Cone Park, Perham, MN 56573 (MLS# 6474443)

262 Pine Cone Park, Perham, MN 56573 (MLS# 6474443)

$2,750,000
262 Pine Cone Park
Perham, MN 56573
MLS# 6474443
Status: Closed

262 Pine Cone Park, Perham, MN 56573
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262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573 262 Pine Cone Park, Perham, MN 56573

Property Description
Seller offering $20,000 credit towards buyer's closing costs. 9.6 Cap Rate! Welcome to Pine Cone Park in Perham, MN - A 56 lot Mobile Home Community with room to expand on available adjacent lot. 12 Trailers owned by seller. Seller has installed a new cluster of mailboxes for each lot address. Each trailer is hooked up to city sewer and water. There is a lift station for the sewer. The city of Perham has an abundance of manufacturing jobs. The city is growing at a rate of 2.19% annually and its population has increased by 6.75% since the most recent census, which recorded a population of 3,495 in 2020. A new high school was built in 2019 with a state of the art wellness center. Call today for more information on this great investment opportunity!

Details
Maps
Contract Information
Digitally Altered Photos: No
Status: Closed
Off Market Date: 2024-10-30
Current Price: 2612500
Closed Date: 2025-01-30
Sales Close Price: 2612500
Contingency: None
ListPrice: 2750000
List Date: 2024-01-05
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: 106 Properties LLC
Multiple PIDs?: No
Other Parking Spaces: 56
Owner Occupied: No
Year Built: 1975
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1
For Sale or Lease: For Sale
Acres: 10.97
Lot Dimensions: Irregular
Location Tax and Other Information
House Number: 262
Street Name: Pine Cone
Street Suffix: Park
Postal City: Perham
County: Otter Tail
State: MN
Zip Code: 56573
Assessments
Tax With Assessments: 4186
Building Information
Building Finished SqFt: 1
Income and Expenses
Annual Caretaker Expense: 1000
Annual Gross Expenses: 59131
Annual Gross Income: 322800
Annual Insurance Expense: 1891
Annual Maintenance Expense: 500
Annual Net Income: 263669
Annual Water/Sewer Expense: 34742
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: LCAR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 39
Section#: 10
Township#: 136
Sale Options
Sale Includes: Land, Other
Unit Details
Total Units: 56
Property Features
Accessible: None
CMU Style: Business Opportunity; Other
Construction Status: Previously Owned
Current Use: Commercial; Other; Residential
Exterior: Other
Financing Terms: Conventional
Fuel: Electric
Heating: None
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Heat; Hot Water; Trash Collection
Topography: Level
Water: City Water/Connected

Listing Office: The Real Estate Company of Detroit Lakes

Last Updated: January - 30 - 2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Monday 25th of May 2026 09:00 PM

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