Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.0%
- Listing ID: 2098349
- Posted On: Mar 2, 2023
- Updated On: Mar 1, 2024
Description
*Motivated Seller*
11 Acres
Sites Total: 21
Vacant Homes: 0
Rental Homes Owned: 18
Resident Owned Homes: 3
Rental Homes Avg: $925
Resident Home Avg: $550
Also has 1 large stick built home (3BD/2BA): $1,200 NOT INCLUDED, could be added with Park sale!
Very limited Seller Financing.
Location
Located on the mainland at the head of Frenchman Bay, Hancock has commanding views of Mount Desert Island.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Total Occupancy: | 100.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $550 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $239,640 |
| Operating Expense: | $82,325 |
| Net Operating Income: | $157,315 |
| Expense Ratio: | 34.4 % |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $925 |