Mobile Home Park Details

  • Cap Rate: 7.6%
  • Listing ID: 1990193
  • Posted On: Jan 9, 2023
  • Updated On: Aug 3, 2023

Description

Sunrise Community Park in Fairfield, Maine consists of 43 mobile home sites and a 5-unit apartment house. Public water, public sewer, and private paved roads. There are 7 park owned homes that will convey with the sale. Also, 13 homes are rent to own. There are water views across the street from the park as well. Convenient location, easy to maintain, and great potential for profit growth!

Location

Convenient location across from the Kennebec River

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Park Information

Community Type: All Age
Number of MH Lots: 43
Total Occupancy: 82.0 %
Average MH Lot Rent: $350
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $171,000
Operating Expense: $72,851
Net Operating Income: $98,148
Expense Ratio: 42.6 %

Lot Information

Singlewide Lots: 43
Doublewide Lots: 43

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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