Mobile Home Park Details

  • Purchase Method: Cash
  • Property ID: 1280940
  • Posted On: Jun 30, 2020
  • Updated On: Jul 29, 2020

Property Description

6 Unit park? Small mobile home park with 4 rental sites. There is a potential for 6 sites if one was to go to the Town of Berlin DRB. ( Development Review Board ). They have verbally said there is a good chance of approval. Public water and public sewer are available. Landlord does the mowing and the plowing. Tenants do power and take care of there own trash.

Location

Park is in a great location 1/2 mile from Exit 7, I-89 in Berlin, Vermont 05602

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Park Information

Community Type: All Age
Number of MH Lots: 4
Total Occupancy: 75.0 %
Year Built: 1964
Average MH Lot Rent: $360
Size: 1 acre(s)

Financial Information (Actual)

Gross Income $10,801,480
Operating Expense $2,700
Net Operating Income $1,026,015,060
Expense Ratio 0.0 %
Debt Info None

Lot Information

Singlewide Lots: 4

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0