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
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, Seller Financing
- Cap Rate: 10.0%
- Listing ID: 833350
- Posted On: Jul 18, 2017
- Updated On: Jan 18, 2018
Description
Knapp MHP is licensed for 29 Pads, and only 1 pad has never had a home on it, and the water and sewer is at the site.
There are 14 rented sites, with Public Water and Public Sewer, 1 vacant home that could be renovated, and rented, and 1 Financed Home. The homes are individually metered, and if a new owner wanted to read the meters and bill the tenants, it could easily be done for extra income. There is a vacant lot abutting the pond that would make a beautiful lot, if the owner wanted to live in the park. There are 40 acres and the park could easily be expanded. Seller will entertain owner financing to a qualified buyer with a $50,000 down payment.
Location
A small Country atmosphere town closed to Bangor, ME
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $205 |
| Size: | 40 acre(s) |
Financial Information (Actual)
| Gross Income: | $36,588 |
| Operating Expense: | $12,928 |
| Net Operating Income: | $23,659 |
| Expense Ratio: | 35.3 % |
| Debt Info: | 2017 |
Lot Information
| Singlewide Lots: | 29 |
| 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: | 0 |
| Average Rent for Park-owned Homes: | $0 |
