Casey's Trailer Park
Casey's Trailer Park
Casey's Trailer Park

Mobile Home Park Details

  • Cap Rate: 13.5%
  • Listing ID: 1712437
  • Posted On: Jul 14, 2022
  • Updated On: Apr 25, 2023

Description

Great opportunity to own a turnkey, 13 pad mobile home park situated on 4 acres in Ashland, Maine! This park offers a 13.54% cap rate, has minimal expenses, is easy to operate, a friendly community, and great potential. Public water & sewer, private utility meters for each home and paid by tenants, and one street that is easy to maintain. Two homes on site for renovation allowing the new owner to create immediate upside in rents. Seller is also offering a credit of $15,000 to help repair the vacant homes. Consistent occupancy and a waiting list for prospective tenants. Ashland is a classically beautiful New England town located in Northern Maine near the Canadian Border. Four Timber Mills nearby, across from the Aroostook River with local Fish and Game, public boat landing, snowmobile trails, and only miles from the gate to the North Maine Woods where there are thousands of acres for hunting and fishing. Contact us for more information and make it your very own today!

Location

Beautiful Gateway to the North Maine Woods

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Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 77.0 %
Year Built: 1970
Average MH Lot Rent: $250
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $44,040
Operating Expense: $6,801
Net Operating Income: $37,239
Expense Ratio: 15.4 %

Lot Information

Singlewide Lots: 13

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $650

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