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: 11.0%
  • Listing ID: 456493
  • Posted On: Jun 23, 2014
  • Updated On: Aug 22, 2015

Description

The Park consists of 20 existing pads, and is license with the State of Maine for 20 sites. There are 2 +/- acres, and it consists of public water and public sewer.  The park has 2 owned mobile homes that are included in the sale, and the current revenue is $33,900.00. There are 8 vacant pads that could be rented immediately, for potential future revenue of $19,680.00 annually. The Expenses are $16,970.29 and a Cap Rate of 11%
The same seller owns Arkay MHP and both parks are located a few miles from each other. Endless Potentials! Especially if you own both parks......

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 12.0 %
Year Built: 1970
Average MH Lot Rent: $205
Size: 2 acre(s)

Financial Information

Gross Income: $33,900
Operating Expense: $16,970
Net Operating Income: $16,929
Expense Ratio: 50.1 %

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: 2
Average Rent for Park-owned Homes: $400

Other Listings by Scott Robert