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Address is 1151 Middle Road Dresden, ME 04342

Dot Fernald

The Dot Fernald Team,Inc.

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Indian Run Estates MHP

Mobile Home Park for Sale in Dresden, Maine

1151 Middle Road
Dresden, ME 04342

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Sale Price: $995,000
 

Contact Information

Dot Fernald
The Dot Fernald Team,Inc.

Mobile Home Park for Sale

Number of MH Lots: 40
Size: 37.4 acre(s)
Cap Rate: 9.0%
Purchase Method: Cash
Status: Active
Property ID: 685553
Posted on: Jul 08, 2016
Updated on: Oct 04, 2016
Price: $995,000

Property Description

This is a family park with a nice balance of first time homeowners, families and retirees. The park is comprised of 37.4 acres with about half the acreage developed into 40 nice sized lots with established trees and landscaping. An additional 24 lots can be added to the back of the park with shovel ready permits from DEP and the Town of Dresden. The park is priced at $950,000 for the park and $100,000 for the approvals which cost over $100,000 and took 2 years to obtain.

Location Description

Indian Run Estates is a well established mobile home park that is centrally located to Bath, Wiscasset, Richmond and Route 27 to Augusta.

Park Information

Number of MH Lots:40
Total Occupancy:90.0%
Year Built:20
Average MH Lot Rent: $270
Size:37.4 acre(s)

Financial Information (Actual)

Gross Income$116,640
Operating Expense$32,579
Net Operating Income$84,061
Expense Ratio 27.9%
Debt Info

Lot Information

Singlewide Lots:31
Doublewide Lots:9
Triplewide Lots:0
Park Model Lots:0

Utility Information

Water:Well
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:0