Mobile Home Park Details
- Cap Rate: 7.6%
- Listing ID: 1990193
- Posted On: Jan 9, 2023
- Updated On: Aug 3, 2023
Description
Sunrise Community Park in Fairfield, Maine consists of 43 mobile home sites and a 5-unit apartment house. Public water, public sewer, and private paved roads. There are 7 park owned homes that will convey with the sale. Also, 13 homes are rent to own. There are water views across the street from the park as well. Convenient location, easy to maintain, and great potential for profit growth!
Location
Convenient location across from the Kennebec River
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Park Information
Community Type: | All Age |
Number of MH Lots: | 43 |
Total Occupancy: | 82.0 % |
Average MH Lot Rent: | $350 |
Size: | 4 acre(s) |
Financial Information (Actual)
Gross Income: | $171,000 |
Operating Expense: | $72,851 |
Net Operating Income: | $98,148 |
Expense Ratio: | 42.6 % |
Lot Information
Singlewide Lots: | 43 |
Doublewide Lots: | 43 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |