Loring Woods Mobile Home Park, Limestone Maine 149 Loring Commerce Road, Limestone, ME 04750

For Sale     $385,000

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Scott Robert
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Mobile Home Park Details

  • Price: $385,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 4546370
  • Posted On: Feb 19, 2024
  • Updated On: Apr 10, 2024

Description

Loring Woods MHP is licensed for 54 Sites and is situated on 19 acres in Limestone, Maine. The park is wooded with trees between the lots and is serviced with a drilled well and private septic system. The systems were upgraded in 2008. 4 occupied homes, 9 homes on site to renovate, and numerous possibilities to increase the revenue for this park!

Location

Close to Route 89, amenities, and the jet fuel refinery

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Park Information

Community Type: All Age
Number of MH Lots: 54
Year Built: 1960
Average MH Lot Rent: $325
Size: 19 acre(s)

Financial Information (Pro Forma)

Gross Income: $232,200
Operating Expense: $50,163
Net Operating Income: $182,037
Expense Ratio: 21.6 %

Lot Information

Singlewide Lots: 54

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 9

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