Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 8.0%
  • Listing ID: 108350
  • Posted On: Nov 21, 2011
  • Updated On: Nov 21, 2013

Description

Blueberry Ridge Mobile Village is a manufactured home community on 97.21 acres. It is located on the desirable seaside community of Wells Maine. Construction began in 1988 and expanded in 2009. Currently there are 10 sites available with water and sewer, all set for homes. Additionally there is expansion capability of anoth 35 sites. The utilities consist of electricity provided by Central Maine Power with each site having a one hundred amp service. Water is provided by ywo wells, one with a 10,000 gallon storage tank and the other with a 1,500 gallon storage tank. There is enough water to accommodate the expansion of additional sites. Each home has 1,000 septic tank and shares leach field with another home. The park is located off Route 109, not far from shopping and the beached.

Blueberyy Ridge Mobile is being offered for sale for $2,150.000

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Financial Information (Actual)

Operating Expense: $82
Net Operating Income: $263