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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

Mobile Home Park 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)
Status: Active
Property ID: 577163
Posted on: Nov 05, 2015
Updated on: May 14, 2016
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. Raising the rents and Sub-meter the water would be a great way to increase the revenue. The current income is $55,500.00 and the expenses are $29,060.00. 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$55,500
Operating Expense$29,060
Net Operating Income$26,440
Expense Ratio 52.4%
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 Paid By: Park

Park-Owned Homes

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