Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.8%
- Listing ID: 878388
- Posted On: Nov 14, 2017
- Updated On: Aug 10, 2021
Description
Strong Cash Flow Park!
Recent rent increase puts gross rents at $448k+. Coastal Maine community!
48 sites and a 4 unit apartment house sitting on 7.4 +/- acres. Frontage on Goose River. Good fishing and scenic views. 38 park owned homes.
Paved roads, City water & sewer. Strong cash flow. Substantial improvements to park. Same owner the past 13+ years.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 48 |
Size: | 7 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $435 |
Operating Expense: | $164 |
Net Operating Income: | $270 |
Expense Ratio: | 37.7 % |
Lot Information
Singlewide Lots: | 48 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |