Mobile Home Park Details
- Purchase Method: New Loan, Assumable Loan
- Cap Rate: 9.1%
- Listing ID: 1689526
- Posted On: Jun 12, 2022
- Updated On: Jun 12, 2022
Description
For Sale: 13 Pad Mobile Home Park In Ashland, Maine
$255,000 - 13 Pad MHP on 4 acres
Excellent ACTUAL return: 9.1% Cap Rate
Low expenses – Tenant pays electric & sewer/water
Low Maintenance - very simple one street park
Waiting list for homes
Inside beautiful Town
Two owned homes ready for renovation
Near four highly productive Timber Mills
Location
Inside beautiful Town of Ashland
Near four large Timber Mills
Easy access to other towns
Near schools and shops
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $34,320 |
| Operating Expense: | $11,134 |
| Net Operating Income: | $23,185 |
| Expense Ratio: | 32.4 % |
| Debt Info: | Assumable or new loan |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 3 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $650 |
