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
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: 9.0%
  • Listing ID: 892555
  • Posted On: Jan 18, 2018
  • Updated On: Aug 10, 2021

Description


NEW REDUCED PRICE!!!. RENTS INCREASED 4/1/19). NEARBY SITE JUST SOLD IN $2.3 MILLION +/- RANGE. DEVELOPER KNOCKED DOWN EXISTING BUILDINGS AND BUILT A NEW NEIGHBORHOOD MALL. ALREADY REPORTEDLY LEASED UP. ELLSWORTH IS FIRING ON ALL 8 CYLINDERS. LOT SIZE ABOUT SAME SIZE AS SUBJECT SITE. 24 site park on 2.24 +/- acres located in the downtown Ellsworth commercial development area. 23 park owned homes. City water & City Sewer. Ellsworth area is enjoying strong economy. Park location allows many commercial complimenting uses, if one chooses to change the use. Park is close to everything. A short walk to shopping, restaurants, retail, service industries, etc.

Ellsworth is the Gateway to Acadia National Park & Bar Harbor area which boasts millions of visitors a year. Also Route 1 corridor to Down East Coastal Maine.

Owner reports the park has historically enjoyed high occupancy.

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Park Information

Community Type: All Age
Number of MH Lots: 24
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $202
Operating Expense: $50
Net Operating Income: $144
Expense Ratio: 24.8 %

Lot Information

Singlewide Lots: 24

Utility Information

Water: City
Water Paid By: Park
Sewer: City