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 |