Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 15.0%
- Listing ID: 853423
- Posted On: Sep 1, 2017
- Updated On: Jan 29, 2018
Description
Town & Country MHP is licensed for 39 Pads, with 18 developed sites. Includes 4 Financed Notes and 3 Owned Homes, and 15 rented pads. Lot 7 is an owned home and is occupied by the manager and he does not pay any rent. The park consist of 48+ acres with a mixture of open land and trees, and is serviced by one state monitored well and 8 septic systems which are on scheduled maintenance with paved roads.
Location
Corinth is a popular area with all the amenities and just 12 miles to Bangor. Many hiking trails and so much more!
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Park Information
Community Type: | All Age |
Number of MH Lots: | 18 |
Total Occupancy: | 70.0 % |
Year Built: | 40 |
Average MH Lot Rent: | $215 |
Financial Information (Actual)
Gross Income: | $53,161 |
Operating Expense: | $11,650 |
Net Operating Income: | $41,510 |
Expense Ratio: | 21.9 % |
Lot Information
Singlewide Lots: | 15 |
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: | Well |
Water Paid By: | Park |
Sewer: | Septic |