Mobile Home Park Details

  • Cap Rate: 14.0%
  • Listing ID: 3007473
  • Posted On: May 28, 2023
  • Updated On: Jul 2, 2024

Description

Great opportunity to own a turnkey, 13 pad mobile home park situated on 4 acres in Ashland, Maine! This park offers a 13.95% cap rate, has minimal expenses, is easy to operate, a friendly community, and great potential. Public water & sewer (1 home has private septic), private utility meters for each home and paid by tenants, and one street that is easy to maintain. Three homes on site for renovation allowing the new owner to create immediate upside in rents. Consistent occupancy and a waiting list for prospective tenants when units become available. Ashland is a classically beautiful New England town located in Northern Maine near the Canadian Border. Four Timber Mills nearby, across from the Aroostook River with local Fish and Game, public boat landing, snowmobile trails, and only miles from the gate to the North Maine Woods where there are thousands of acres for hunting and fishing. Contact us for more information and make it your very own today!

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 69.0 %
Year Built: 1970
Average MH Lot Rent: $295
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $45,000
Operating Expense: $9,438
Net Operating Income: $35,561
Expense Ratio: 21.0 %

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $710

Other Listings by Scott Robert

Similar Mobile Home Parks for Sale