Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0%
- Listing ID: 456493
- Posted On: Jun 23, 2014
- Updated On: Aug 22, 2015
Description
The Park consists of 20 existing pads, and is license with the State of Maine for 20 sites. There are 2 +/- acres, and it consists of public water and public sewer. The park has 2 owned mobile homes that are included in the sale, and the current revenue is $33,900.00. There are 8 vacant pads that could be rented immediately, for potential future revenue of $19,680.00 annually. The Expenses are $16,970.29 and a Cap Rate of 11%
The same seller owns Arkay MHP and both parks are located a few miles from each other. Endless Potentials! Especially if you own both parks......
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 12.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $205 |
| Size: | 2 acre(s) |
Financial Information
| Gross Income: | $33,900 |
| Operating Expense: | $16,970 |
| Net Operating Income: | $16,929 |
| Expense Ratio: | 50.1 % |
Lot Information
| Singlewide Lots: | 20 |
| 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: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $400 |
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