Mobile Home Park Details
- Cap Rate: 6.7%
- Listing ID: 1258587
- Posted On: May 20, 2020
- Updated On: Sep 10, 2020
Description
Indian Run Estates is located in Dresden, ME near the Kennebec River and 50 minutes north of Portland (45 Miles).
The community contains 40 sites that are 98 percent occupied, situated on 5 acres and allows room for 22 expansion sites.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 98.0 % |
| Average MH Lot Rent: | $317 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $147,329 |
| Operating Expense: | $50,645 |
| Net Operating Income: | $96,684 |
| Expense Ratio: | 34.4 % |
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