Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 12.0%
- Listing ID: 456222
- Posted On: Jun 20, 2014
- Updated On: May 31, 2017
Description
The Park consists of 100 existing pads, and is license with the State of Maine for 140 sites. There are 32 +/ - acres of land for future development. It consists of public water and public sewer, paved driveways, and paved roads. The park has 12 mobile homes that are included in the sale. There are 37 vacant pads that could be rented immediately, for potential future revenue. Lot 298 is a double wide that is an owned home that the seller utilizes as his office, and could easily be rented for $600.00 per month. The park is in excellent condition and is being managed by the owner. Beautiful Park for the money!!!
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Park Information
Community Type: | All Age |
Number of MH Lots: | 100 |
Total Occupancy: | 63.0 % |
Year Built: | 1960 |
Size: | 32 acre(s) |
Financial Information
Gross Income: | $165,600 |
Operating Expense: | $84,081 |
Net Operating Income: | $81,081 |
Expense Ratio: | 50.8 % |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |