Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 12.0%
- Listing ID: 520440
- Posted On: May 6, 2015
- Updated On: Oct 2, 2015
Description
Crescent MHP consists of 21 Pads, and 18 owned homes. Private Water Supply and Septic Systems. Gravel Roads and the park has no vacancies. Total Income is $127,788, and the total Expenses are $62,970. The Net Income is $64,818 and supports a 12% Cap Rate. There are 2 photos of the single family house that could be bought with the park for $100,000. It is now being rented . Perfect for an owner occupied that wants to reside in the house, and manage the park. Great Income.
Location
I-95 North toward Bangor/Waterville, Merge onto I-0395E via Exit 182A toward US-1A/ME/Bangor/Brewer, Merge onto US-1A N via Exit 6AS toward Coastal Route/Ellsworth/Bar Harbor, US-1A N becomes US-1 ALT N, US-1 Alt N becomes High St/US-1 N/ME-3, Turn left onto Downeast Hwy/US-1 N/ ME-3. Continue to follow US-1 N. US-1 N is 0.3 miles past Foster St., 217 US Highway 1 in on the right past MacQuinn Rd.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $550 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $127 |
| Operating Expense: | $62 |
| Net Operating Income: | $64 |
| Expense Ratio: | 48.8 % |
Lot Information
| Singlewide Lots: | 21 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $550 |
