Jul. 8—ROCHESTER — Want to own a manufactured home and RV park?
An upcoming auction will sell a longtime Med City property —
recently announced that it will manage the sealed bid auction. Bids must be submitted by 4 p.m. July 21,2022.
The property will be sold as one piece. That includes a 24-pad manufactured home and RV park with 13 park-homes on 2.975 acres plus a 1,734 square-foot single family home.
The Maas announcement described the auction as "a perfect opportunity for a new owner to redevelop the site to multi-family housing or to buy an open and operating mobile home and RV Park."
Potential buyers can inspect the property from 9 a.m. to 1 p.m. on Tuesday, July 12 or Tuesday, July 19. Inspections can also be done by appointment or virtually.
Scott Kramer and the Pennsylvania-based TSJ Parks LLC acquired the property for $1.3 million in June 2021.
earlier this year as it struggled to evict tenants.
Jeff Kiger tracks business action in Rochester and southeastern Minnesota every day in "Heard on the Street." Send tips to
. You can call him at 507-285-7798.
Do you live in one of these cities?
In the early part of the 20th Century, American humorist Will Rogers was quoted as saying, “Buy land. They ain’t making any more of the stuff.” Real estate can be a wonderful investment, but buying property isn’t as simple as Will Rogers led people to believe. Investing in certain kinds of real estate can be a financial mistake. Let’s consider eight of the worst types of real estate to invest in. Related Story: Jeff Bezos-Backed Arrived Homes Acquires Another $23 Million Worth Of Single-Family R
What to watch in markets on Tuesday, July 12, 2022.
A proprietary survey by John Burns Real Estate Consulting reveals a broad slowdown in business for home builders.
Data collected by the U.S. Bureau of Labor Statistics -- but not made available to the public -- show a gulf between the market conditions affecting new versus renewing renters.
"Landlords are asking that you make three times the rent. If I were making $6,000 a month, I'd own a house."View Entire Post ›
I am a college-educated, professional woman who, as a teacher, cannot afford housing set aside specifically for teachers. How is this possible?
You can still make money in real estate. And you don’t have to be a mogul to do it.
Builder Nick Schiffer cracks another house renovation conundrum on YouTube’s Hidden Gems series
Some 60,000 home-purchase agreements collapsed in June, equal to 14.9% of homes that went under contract.
Our leadership should be prepared to ensure the homes (that investors) lose go not to larger corporate investors but to people who want to live in them.
Waiting for housing to plunge? You may be waiting a long time.
Real estate property managers typically charge around 8% to 12% of monthly rent for basic tasks, including collecting rent, communicating with tenants and arranging for repairs. They may also collect an array of fees for various additional services, ranging from … Continue reading → The post How Much Do Property Managers Charge? appeared first on SmartAsset Blog.
The actor’s longtime Miami home boasts four bedrooms, a private guest house and rooftop terrace.
In June, approximately 14.9% or 60,000 home purchases under contract were canceled, according to a recent report.
Researchers at UNC Charlotte found corporate landlords “perpetuate long-standing patterns of inequity and segregation” with language in their rental listings.
Mothers from across Miami-Dade gathered in a United Way Early Childhood Center and vented their housing struggles
A catastrophic decline in affordability has priced millions out of homeownership. But there may be a scrap of hope.
The average monthly payment for Social Security retirement benefits is $1,613.77. That's not enough to get by in most places in America, but Social Security was never meant to serve as a retiree's...
iBuyers purchased more than 70,400 homes last year, according to a report from Zillow.