Contact Information
Mobile Home Park Details
- Price: $399,000
- Cap Rate: 5.1%
- Property ID: 1736774
- Posted On: Aug 17, 2022
- Updated On: Dec 15, 2022
Property Description
* Jennifer Stein is Broker of Record. License #AC90603538*
*Value Add Property!
*Seller Financing With 40% Down To Qualified Buyer
*Cap Rate for Park is 9% + Land Value Determined List Price
* 86 + Acres
*14 Lots / 12 Tenant-Owned Homes
*Parcel is 86.4 +/- Acres with Expansion Potential or Mixed Use. Build a Getaway or dream home on the 80+ Vacant Acres not used by Park.
Location
*Located in a beautiful country setting near the Aroostook River.
*Close to the Town of Mapleton and the Canadian Border.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 14 |
| Total Occupancy: | 85.7 % |
| Year Built: | 1970 |
| Size: | 86 acre(s) |
Financial Information (Actual)
| Gross Income | $33,600 |
| Operating Expense | $8,580 |
| Net Operating Income | $20,220 |
| Expense Ratio | 25.5 % |
| Debt Info |
Utility Information
| Water: | Well |
| Sewer: | Septic |
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