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 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 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 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 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

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 10.0%
  • Listing ID: 456491
  • Posted On: Jun 23, 2014
  • Updated On: Nov 5, 2015

Description

The park consists of 45 existing pads, and is licensee with the State of Maine for 87 sites. There are 33 +/- acres of land for future development, and a gravel pit. It consists of public water and public sewer, mostly paved roads and some gravel. The park has 9 owned mobile homes that are included in the sale, and the current revenue is $124,800, and the expenses are $53,216.06. There are 9 vacant pads that could be rented immediately for potential future revenue of $24,300. Also could be bought with Stoney Brook Mobile Home Park that is owned by the same seller and both parks are located close to each other.

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Park Information

Community Type: All Age
Number of MH Lots: 45
Total Occupancy: 80.0 %
Year Built: 1969
Size: 33 acre(s)

Financial Information (Actual)

Gross Income: $124,800
Operating Expense: $53,216
Net Operating Income: $71,583
Expense Ratio: 42.6 %

RV Information

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

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $500

Other Listings by Scott Robert