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Address is Interval Road Jay, ME 04239

Dot Fernald

The Dot Fernald Team,Inc.

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Chestnut Hill Manufactured Housing Community

Multi Family Housing for Sale in Jay, Maine

Interval Road
Jay, ME 04239

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Sale Price: $349,000
 

Contact Information

Dot Fernald
The Dot Fernald Team,Inc.

Mobile Home Park for Sale

Number of MH Lots: 27
Size: 16.9 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash
Status: Active
Property ID: 577163
Posted on: Nov 05, 2015
Updated on: Feb 16, 2017
Price: $349,000

Property Description

The Park consists of 27 existing pads, and is license with the State of Maine for 27 sites. Situated on 16.9 +/- acres, septic tanks, public water, and a 2 car garage. Private paved roads located in a Country Atmosphere. There are 7 vacant pads that could be rented for potential future revenue of $19,320.00 annually. The park rent is $230.00 per month and as of May 1, 2017 it will be at $260.00. The park could be Sub-meter for the water which would be a great way to increase the revenue.

Location Description

The Town office does not have a number on Interval Road. 187 Interval Road is the property before the park, and the park is located on the corner of Intervale Road and BJ Lane.

Park Information

Number of MH Lots:27
Total Occupancy:75.0%
Year Built:1978
Average MH Lot Rent: $230
Size:16.9 acre(s)

Financial Information (Actual)

Gross Income$65,520
Operating Expense$31,980
Net Operating Income$31,980
Expense Ratio 48.8%
Debt Info

Lot Information

Singlewide Lots:27
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:City
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:0
Average Rent for Park-owned Homes: $0