Ridge Park
Ridge Park
Ridge Park

Mobile Home Park Details

  • Cap Rate: 7.9%
  • Listing ID: 1919630
  • Posted On: Oct 26, 2022
  • Updated On: Mar 1, 2023

Description

Fantastic location in Androscoggin County situated on 42 acres on Upper and Lower Street in Lisbon Falls. The park is licensed for 27 pads and has private paved roads, 3 wells, and a private septic system. No owned homes, easy to operate, and potential for higher profit!

Location

Convenient location, major road access, Androscoggin County

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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 96.0 %
Year Built: 1972
Average MH Lot Rent: $300
Size: 46 acre(s)

Financial Information (Actual)

Gross Income: $98,400
Operating Expense: $27,778
Net Operating Income: $70,622
Expense Ratio: 28.2 %

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $300

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