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Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.5%
- Listing ID: 467893
- Posted On: Aug 28, 2014
- Updated On: Feb 26, 2015
Description
Well maintained and well managed mobile home community in Pemaquid Village on a picturesque peninsula on the mid coast of Maine. 25 sites approved, 21 leased. Low turn over. Recent upgrades to private septic and wells.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 25 |
| Total Occupancy: | 84.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $225 |
| Size: | 34 acre(s) |
Financial Information (Actual)
| Gross Income: | $64,200 |
| Operating Expense: | $23,630 |
| Net Operating Income: | $40,500 |
| Expense Ratio: | 36.8 % |
Lot Information
| Singlewide Lots: | 25 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |