Mobile Home Park Details
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Purchase Method:
Cash
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Listing ID:
994965
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Posted On:
Oct 2, 2018
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Updated On:
Apr 9, 2019
Description
A rare opportunity to acquire a park on the coast of Maine. Skyview Ridge MHP is licensed for 44 Lots with the State of Maine and there are 36 occupied lots, and 8 vacant lots that could add revenue. The park is serviced with city water and city sewer and all the lots are individually metered and paid by the tenants. There are 5 owned homes, and the park is situated on 11.63 acres which offer exceptionally large lot. Curb stop water shut off on all lots. Great Investment in a well maintained park!!! This is an attractive community in a great setting partly wooded and partly open with sunset views. Lots are exceptionally large. Lots feature side-by-side parking. The setting is attractive for retirement and vacation homes. The infrastructure is good. The present owner has owned the park for ten years during which many improvements were made. Curb stops and water meters were installed on all lots that lacked them. Extensive drainage improvements were made with rip rap, culvert and ditch work. Pedestals are 100 amp service. Utility poles have been replaced. The deteriorated paved road was removed and replaced with a recycled asphalt road. The recycled asphalt base readies the road for paving at minimal cost ($45,000). Sewer lines are plastic, not clay. Main water lines are plastic. A Phase 1 environmental and survey were done.
Location
Skyview Ridge is located in the heart of coastal Maine where high home prices and rents create strong demand for mobile homes. The park draws on a large population within a 30 minute commute and attracts tenants from Rockland, Camden and other higher rent towns. Demographic studies understate the population as they do not include the multifold increase in seasonal residents. Wages are higher and unemployment lower than the rest of the state. The community is located an hour past Portland, on the edge of town just off Route 1, the main road for coastal Maine. Employers include Maine State Prison, Penn Bay Medical Center, Bath Iron Works ship builders, Wal-Mart, the lobster industry and tourism.
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Park Information
Community Type: |
All Age
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Number of MH Lots: |
44 |
Total Occupancy:
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86.0
%
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Year Built: |
1970 |
Size: |
12
acre(s)
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Utility Information
Water: |
City |
Water Paid By: |
Tenant - Submetered
|
Sewer: |
City |