Mobile Home Park Details
- Cap Rate: 6.8%
- Listing ID: 1604357
- Posted On: Feb 14, 2022
- Updated On: Aug 11, 2022
Description
The park is licensed for 15 pads and is situated on 1.73 acres on Orchard Lane and MacIntosh Lane in the lovely town of Lincoln, Me. Public water and public sewer. There are 10 rented lots with tenant owned homes and 5 vacant pads. Minimal maintenance with so much potential!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 66.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $285 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $36,780 |
| Operating Expense: | $13,046 |
| Net Operating Income: | $23,733 |
| Expense Ratio: | 35.5 % |
Lot Information
| Singlewide Lots: | 10 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $285 |
