Contact Information

Antony Brettkelly

Mobile Home Park Details

  • Price: $3,900,000
  • Purchase Method: Cash, Seller Financing, Assumable Loan
  • Property ID: 1228862
  • Posted On: Mar 13, 2020
  • Updated On: May 15, 2020

Property Description

Portfolio Overview:
**** Huge Price reduction from $6,800,000 to offers over $3,900,000
• Tremendous upside - value add opportunity
• 8 Parks • 371 Pads • 60 Rented Homes • 3 Houses • 20 Unit Motel
• 160 Acres All infrastructure in place
• 50 homes onsite ready to be renovated
• Enormous supply constraint of affordable housing in Northern
Maine
• Captured market with clustered properties & economies of
scale
• Very low entry price per unit
• Opportunity zone
• Some seller financing
• Wonderful part of America
• Most Parks have a river or creek alongside
• Out of state owner
• Operations easily transferable

Location

* Spectacular Northern Maine Portfolio
* Clustered in Aroostook County
* Most parks have a river or stream alongside
* Easy access of 95 and Route 1
* In town locations
* Lots of acreage and space

Amenities

  • Laundromat
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 371
Total Occupancy: 50.0 %
Average MH Lot Rent: $650
Size: 160 acre(s)

Financial Information

Gross Income $380,000
Debt Info

Lot Information

Singlewide Lots: 350
Doublewide Lots: 21

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 100
Average Rent for Park-owned Homes: $650

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