Contact Information

Jp Maloney

Maloney Realty-Auction Inc.

Mobile Home Park Details

  • Price: $3,200,000
  • Purchase Method: Cash
  • Property ID: 1563137
  • Posted On: Nov 25, 2021
  • Updated On: Nov 25, 2021

Property Description

58 site mobile home park on 65.74 +/- acres. Freshly paved roads and driveways (July 2021), New roofs where needed, new steps, doors, windows, heat tapes, new water pumps, flag pole, etc. Owner takes great pride in his properties. Has invested thousands and thousands of dollars in this property. Maintains high rental rates and occupancy because of it. There are currently 27 parked owned homes, 29 occupied lots, 1 vacant lot and another lot, which consists of a 1-story building, which prior use was as an office/shop and reportedly an apartment. Could be returned to an apartment for additional income. Private water and waste disposal (Lagoon) systems. Lot rents currently $450.00. POH rentals range from $775.00 to $1200.00
Owners wishes to maintain management. Owner will give strongest consideration to offers retaining his management. Email us for a brochure.

Location

Park is a short distance (1-2 +/- miles) from the thriving downtown Brewer/Bangor metroplex. 65.74 +/- mostly wooded acres.

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Park Information

Community Type: All Age
Number of MH Lots: 58
Average MH Lot Rent: $450
Size: 66 acre(s)

Financial Information (Pro Forma)

Gross Income $467,460
Operating Expense $100,837
Net Operating Income $352,599
Expense Ratio 21.6 %
Debt Info

Lot Information

Singlewide Lots: 58

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 27
Average Rent for Park-owned Homes: $959