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 Community
Photo of Mobile Home Community
Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Manufactured Home Community
Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Community
Photo of Multi Family Housing
Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Mobile Home Community
Photo of Mobile Home Park
Photo of Multi Family Housing

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 9.0%
  • Listing ID: 964640
  • Posted On: Jul 1, 2018
  • Updated On: Mar 18, 2019

Description

The Park consists of 8 existing pads, and is license with the State of Maine for 12 sites. There are 4 sites that could be developed immediately. The park is situated on 14+/- acres, septic tanks and a leach field for every home, town water and each home is sub-metered, and the tenants pay for the water. Private/Gravel roads with a coating of crush dust on top. The owner has not had a rent increase forever and each lot could easily support an increase of $50.00 more per month. There are ten (10 x10), and one (5 x 10) storage units, and a large heated workshop, and another large room that can store 15 vehicles such as boats, cars, campers for extra income

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 8
Total Occupancy: 100.0 %
Average MH Lot Rent: $500
Size: 14 acre(s)

Financial Information (Actual)

Gross Income: $56,040
Operating Expense: $20,062
Net Operating Income: $35,977
Expense Ratio: 35.8 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $500

Other Listings by Scott Robert