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Address is 50 Davis Street Presque Isle, ME 04769

Dot Fernald

The Dot Fernald Team,Inc.

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Presque Isle & Salmon Brook Mobile Home Park

Mobile Home Park for Sale in Presque Isle, Maine

50 Davis Street
Presque Isle, ME 04769

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Sale Price: $695,000
 

Contact Information

Dot Fernald
The Dot Fernald Team,Inc.

Mobile Home Park for Sale

Number of MH Lots: 74
Size: 21.6 acre(s)
Purchase Method: Cash
Status: Active
Property ID: 646134
Posted on: Mar 18, 2016
Updated on: Feb 01, 2017
Price: $695,000

Property Description

Both Park consists of 95 existing pads. Presque Isle consist of 74 existing pads, and is license for 85 with the State of Maine, and has a single family house. There are 9.58 acres, Public Water and Public Sewer, on Private Paved Roads. There are 27 vacant pads that could be rented for potential future revenue of $61,560.00 annually. The population of Presque Isle is 9402, the population of Aroostook County is 70,000 and Presque Isle is the center of it.
Salmon Brook MHP consist of 21 existing pads, and is license for 21 with the State of Maine. There are 12 acres, Public Water and Public Sewer, on Private Gravel Roads. There are 10 vacant pads that could be rented for potential future revenue of $22,200.00 annually. It would be impossible for an investor/developer to develop any parks for $7600.00. It's a great opportunity!

Location Description

The park is located in the center of town. Walking distance to the Mall, Walmart and also Downtown. It is 1 to 2 blocks off the Main Street which is walking distance to the Banks, McDonalds, and other Main Street Businesses.

Park Information

Number of MH Lots:74
Total Occupancy:75.0%
Average MH Lot Rent: $190
Size:21.6 acre(s)

Financial Information (Actual)

Gross Income$137,280
Operating Expense$76,277
Net Operating Income$61,003
Expense Ratio 55.6%
Debt Info

Lot Information

Singlewide Lots:95

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:0