813 Chatfield Avenue NW, Preston, MN 55965

Overview

Description

Excellent investment opportunity in the heart of Preston! This 8-lot mobile home park offers steady income potential with all lots currently set up with individual gas, electric, and water utilities. Tenants own their homes, making this a low-maintenance land lease investment. Current lot rents are $250/month per site. Conveniently located directly across from the school and just blocks from U.S. Highway 52, providing easy access and strong rental appeal. Great opportunity to expand your investment portfolio with stable cash flow and upside potential.

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Other
Lot Size SqFt: 36000
Foundation Size: Yes
For Sale or Lease: For Sale
Lot Dimensions: 150 x 240
Assessment Pending: No
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Residential Exterior: Other Foundation: Slab Fuel: Electric; Natural Gas Heating: Other Lock Box Type: None On Site Utilities: Electric Separate; Heating Separate Parking Characteristics: Gravel Lot Sewer: City Sewer - In Street Water: City Water - In Street

Contract Information

Contingency: None
ListPrice: 175000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 813
Street Name: Chatfield
Street Suffix: Avenue
Street Direction Suffix: NW
Postal City: Preston
County: Fillmore
State: MN
Zip Code: 55965

Assessments

Tax With Assessments: 1004
Assessment Balance: 0

Lease Details

Land Leased: Not Applicable

More Information

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Land, Leases

Unit Details

Total Units: 8

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: Billings Addition Block-025
Listing City: Preston
Map Page: 999
Municipality: Preston Twp
School District: Fillmore Central
School District Phone: 507-765-3843
Property ID Number: 170512000
Tax Year: 2026
Tax Amount: 1004
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Excellent investment opportunity in the heart of Preston! This 8-lot mobile home park offers steady income potential with all lots currently set up with individual gas, electric, and water utilities. Tenants own their homes, making this a low-maintenance land lease investment. Current lot rents are $250/month per site. Conveniently located directly across from the school and just blocks from U.S. Highway 52, providing easy access and strong rental appeal. Great opportunity to expand your investment portfolio with stable cash flow and upside potential.
Directions: Once in Preston, from Hwy 52, go East on Chatfield Ave to property.

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Other: Yes

Foundation

Slab: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Other: Yes

Lock Box Type

None: Yes

Parking Characteristics

Gravel Lot: Yes

Sewer

City Sewer - In Street: Yes

Water

City Water - In Street: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes

CMU Style

Mixed Use: Yes

Current Use

Residential: Yes