Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1563137
- Posted On: Nov 25, 2021
- Updated On: Aug 25, 2022
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. Seller in installing a brand new septic and leachfield waste disposal system. Current waste disposal system is a lagoon type system. Lot rents currently $450.00, increasing to $495.00 per month in the spring. 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.
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 % |
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 |