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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