Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.0%
- Listing ID: 972111
- Posted On: Jul 24, 2018
- Updated On: Jun 2, 2019
Description
The Park consists of 30 existing pads, and out of the 30 pads there are 4 vacant lots, 2 vacant home, and it is license for 36 pads with the State of Maine. The park is situated on 39.50 +/- acres, includes 6 septic tanks and 3 leach fields. The park is located on a private gravel roads, and 17 owned homes are included with the sale.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 30 |
Total Occupancy: | 80.0 % |
Year Built: | 1968 |
Size: | 40 acre(s) |
Financial Information (Actual)
Gross Income: | $166,404 |
Operating Expense: | $42,180 |
Net Operating Income: | $124,223 |
Expense Ratio: | 25.3 % |
Lot Information
Singlewide Lots: | 30 |
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 |
Park-Owned Homes
Number of Park-owned Homes: | 18 |
Average Rent for Park-owned Homes: | $700 |