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Address is 1 Spinsfield Commons Franklin, ME 04634

Dot Fernald

The Dot Fernald Team,Inc.

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Spinsfield Commons MHP

Multi Family Housing for Sale in Franklin, Maine

1 Spinsfield Commons
Franklin, ME 04634

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Sale Price: $299,900
 

Contact Information

Dot Fernald
The Dot Fernald Team,Inc.

Mobile Home Park for Sale

Number of MH Lots: 18
Size: 22.3 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash
Status: Active
Property ID: 684387
Posted on: Jul 04, 2016
Updated on: Aug 29, 2016
Price: $299,900

Property Description

The Park consists of 18 existing pads, and is license with the State of Maine for 42 sites. Situated on 22.29 +/- acres, 1 septic tank for every 2 homes, Drilled Well, and Private gravel roads located in a Country Atmosphere. There are 9 vacant pads that could be rented for potential future revenue. The land for the 24 pads has all been engineered and approved, and gravel roads have been constructed.

Park Information

Number of MH Lots:18
Total Occupancy:50.0%
Size:22.3 acre(s)

Financial Information (Actual)

Gross Income$46,740
Operating Expense$16,661
Net Operating Income$30,078
Expense Ratio 35.6%
Debt Info

Lot Information

Singlewide Lots:17
Doublewide Lots:1
Triplewide Lots:0
Park Model Lots:0

RV Information

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

Utility Information

Water:Well
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:3
Average Rent for Park-owned Homes: $650