Mobile Home Park Details
- Cap Rate: 8.4%
- Listing ID: 1181829
- Posted On: Jan 20, 2020
- Updated On: Jun 19, 2020
Description
Money making 15 lot mobile home park. 12 homes park owned and 2 rented lots, 1 currently vacant lot. Public water and sewer. Current in place yearly gross rents of $107,940. Mix of older and modern homes with established tenants. Nice location in-town, close to school, parks and stores.
Location
6 Winchester Ave. Corinna, ME 04928
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Park Information
| Number of MH Lots: | 15 |
| Total Occupancy: | 95.0 % |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $107,940 |
| Operating Expense: | $67,144 |
| Net Operating Income: | $37,676 |
| Expense Ratio: | 62.2 % |
Lot Information
| Singlewide Lots: | 15 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $601 |