Mobile Home Park Details
- Listing ID: 983462
- Posted On: Aug 26, 2018
- Updated On: Nov 14, 2018
Description
Loring Woods MHP is licensed for 54 Sites with the State of Maine Manufacturing Housing Board, and is situated on 37 acres and the park is serviced with a Drilled Well and Septic System. The systems were upgraded in 2008. If a buyer is not looking to expand the park, the Seller has an option to sell the single family house that abuts the park and the additional 60+/- acres for $85,000 to the person renting the house. The park is wooded with trees between the lots, and has an established restaurant for over 50 years across from the park. Riverside Court MHP is licensed with the State of Maine for 26 Sites situated on 10 acres with a Drilled Well, and Septic System. The park was developed in 2000+/- and it also includes a motel that has been converted into rentals. There are numerous possibilities to increase the revenue to the park !! There are 2 Assumable Mortgages that makes these 2 parks very attractive!
Location
Loring Woods MHP is located in Limestone ME, and Riverside Court MHP is located in Caribou, ME and must be sold together.
Park Information
Community Type: | All Age |
Size: | 107 acre(s) |
Financial Information
Gross Income: | $86,700 |
Operating Expense: | $67,971 |
Net Operating Income: | $18,729 |
Expense Ratio: | 78.4 % |
Lot Information
Singlewide Lots: | 80 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |