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 % |
Lot Information
| Singlewide Lots: | 27 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $300 |
