Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 10.0%
- Listing ID: 368815
- Posted On: Apr 8, 2013
- Updated On: Sep 20, 2015
Description
Pine Haven Mobile Home Park conveniently located in Old Town, Maine. University of Maine campus is nearby, walking paths and supermarkets within walking distance. Park is 9.7 Acres and has 59 Pads. Park owns and rents mobile homes on 32 of the sites. Also included on the site is a duplex. Public Water and Public Sewer on all sites. There are 8 vacant lots that would add additional income. Very nice business opportunity in a very nice Maine Town .
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Park Information
Community Type: | All Age |
Number of MH Lots: | 59 |
Total Occupancy: | 90.0 % |
Size: | 10 acre(s) |
Financial Information (Actual)
Gross Income: | $298,908 |
Operating Expense: | $140,853 |
Net Operating Income: | $148,984 |
Expense Ratio: | 47.1 % |
Lot Information
Singlewide Lots: | 59 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 31 |
Average Rent for Park-owned Homes: | $600 |