Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0%
- Listing ID: 577163
- Posted On: Nov 5, 2015
- Updated On: Aug 29, 2018
Description
The Park consists of 27 existing pads, and is license with the State of Maine for 27 sites. Situated on 16.9 +/- acres, septic tanks, public water, and a 2 car garage. Private paved roads located in a Country Atmosphere. There are 8 vacant pads that could be rented for potential future revenue. The park could be Sub-meter for the water which would be a great way to increase the revenue.
Location
The Town office does not have a number on Interval Road. 187 Interval Road is the property before the park, and the park is located on the corner of Intervale Road and BJ Lane.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 27 |
Total Occupancy: | 75.0 % |
Year Built: | 1978 |
Average MH Lot Rent: | $230 |
Size: | 17 acre(s) |
Financial Information (Actual)
Gross Income: | $65,520 |
Operating Expense: | $31,980 |
Net Operating Income: | $31,980 |
Expense Ratio: | 48.8 % |
Lot Information
Singlewide Lots: | 27 |
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: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 0 |
Average Rent for Park-owned Homes: | $0 |