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Orchard Mobile Home Park Orchard Lane, Lincoln, ME 04457

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Mobile Home Park Details

  • Cap Rate: 6.8% (Actual)
  • Listing ID: 1604357
  • Posted On: Feb 14, 2022
  • Updated On: Aug 11, 2022

Description

The park is licensed for 15 pads and is situated on 1.73 acres on Orchard Lane and MacIntosh Lane in the lovely town of Lincoln, Me. Public water and public sewer. There are 10 rented lots with tenant owned homes and 5 vacant pads. Minimal maintenance with so much potential!

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 66.0 %
Year Built: 1990
Average MH Lot Rent: $285
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $36,780
Operating Expense: $13,046
Net Operating Income: $23,733
Expense Ratio: 35.5 %

Lot Information

Singlewide Lots: 10

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $285

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