Mobile Home Park Details
- Cap Rate: 9.6%
- Listing ID: 3112695
- Posted On: Jun 9, 2023
- Updated On: Jun 10, 2024
Description
This well-maintained park is licensed for 36 pads & is situated on 10.31 acres in Caribou, ME next to Little Madawaska River with convenient travel to town. Private, paved roads easy to maintain situated in a quiet neighborhood setting. Private Water & Sewer. Great potential for profit growth by adding new homes!
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 83.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $365 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $98,520 |
| Operating Expense: | $57,647 |
| Net Operating Income: | $40,873 |
| Expense Ratio: | 58.5 % |
Lot Information
| Singlewide Lots: | 36 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $650 |
