Contact Information

Mobile Home Park Details

  • Price: $1,250,000
  • Purchase Method: Cash
  • Property ID: 1476950
  • Posted On: Jul 14, 2021
  • Updated On: Jul 22, 2021

Property Description

17 lot park , consisting of 13 park owned homes, one of which is a 4 bedroom home on a full foundation, 3 rented lots,, and one vacant lot . Park is serviced by a drilled well and 2 private septic systems. 7 homes have been recently renovated. Numerous lots are large enough to easily accommodate double-wide homes. Park has 5 long term tenants (10 yrs.+) Sale also includes a 2 bedroom house with attached garage, drilled well and septic system on a beautifully landscaped 1 acre property located directly across the street from the park. (home is currently vacant and is in need of renovation.) Park expansion is quite possible.

Location

Rte. 184 about 1/4 of a mile from intersection of Rte . 1 in the town of Town of Lamoine . Park is 5 minutes from Downtown Ellsworth . Walking distance to Walmart, Home Depot and several local restaurants / take-outs.

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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 95.0 %
Year Built: 1970
Average MH Lot Rent: $375
Size: 4 acre(s)

Financial Information (Actual)

Gross Income $119,544
Operating Expense $61,000
Net Operating Income $58,544
Expense Ratio 51.0 %
Debt Info

Lot Information

Singlewide Lots: 16
Doublewide Lots: 1
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $800

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