Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 9.0%
  • Listing ID: 2563492
  • Posted On: Apr 21, 2023
  • Updated On: Aug 29, 2023

Description

Great opportunity to own a 16-lot mobile home park ($300/month lot rent). Concrete pads already in place with 16 septic tanks, 7 leach fields, 5 wells, pump house and electrical setup. Some pads brand new and never used and many new amenities. Beautifully located along the East Branch Nezinscot River, this trailer park sits in the valley of Sumner with very beautiful secluded natural scenery.

Location

Rural

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 36.0 %
Year Built: 2002
Average MH Lot Rent: $300
Size: 13 acre(s)

Financial Information (Pro Forma)

Gross Income: $71,400
Operating Expense: $5,556
Net Operating Income: $65,843
Expense Ratio: 7.8 %
Debt Info: None

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $900

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