Mobile Home Park Details
- Cap Rate: 14.0% (Actual)
- Listing ID: 3007473
- Posted On: May 28, 2023
- Updated On: Jul 2, 2024
Description
Great opportunity to own a turnkey, 13 pad mobile home park situated on 4 acres in Ashland, Maine! This park offers a 13.95% cap rate, has minimal expenses, is easy to operate, a friendly community, and great potential. Public water & sewer (1 home has private septic), private utility meters for each home and paid by tenants, and one street that is easy to maintain. Three homes on site for renovation allowing the new owner to create immediate upside in rents. Consistent occupancy and a waiting list for prospective tenants when units become available. Ashland is a classically beautiful New England town located in Northern Maine near the Canadian Border. Four Timber Mills nearby, across from the Aroostook River with local Fish and Game, public boat landing, snowmobile trails, and only miles from the gate to the North Maine Woods where there are thousands of acres for hunting and fishing. Contact us for more information and make it your very own today!
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 69.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $295 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $45,000 |
| Operating Expense: | $9,438 |
| Net Operating Income: | $35,561 |
| Expense Ratio: | 21.0 % |
Lot Information
| Singlewide Lots: | 13 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $710 |