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 |
Lot Information
| Singlewide Lots: | 16 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
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 |