Mobile Home Park Details
- Listing ID: 1633999
- Posted On: Mar 29, 2022
- Updated On: Aug 26, 2022
Description
REDUCED FOR A QUICK SALE Licensed for 32 sites, FOREST AVE MHP offers a SF 3bed-1bath house, 10 park owned homes, 5 rented lots and 16 lots that can easily be rented. This park sits in a convenient location with walking distance to downtown Orono and all that it has to offer. Main St is only .7 of a mile walk... Another take away, the rents have not been increased in the last 5 years, with a little attention this investment has lots of upside potential in this market. There is a large building in need of repair but could be used for storage purposes. Priced to sell, don't hesitate
Location
Main St, Orono before the bridge turn left on Forest Ave approximately .7 miles on the right, see signs
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 50.0 % |
| Average MH Lot Rent: | $300 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $123,900 |
| Operating Expense: | $39,215 |
| Net Operating Income: | $54,685 |
| Expense Ratio: | 31.7 % |
Lot Information
| Singlewide Lots: | 32 |
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: | $800 |