Contact Information
Mobile Home Park Details
- Price: $3,800,000
- Purchase Method: New Loan
- Cap Rate: 9.2% (Actual)
- Listing ID: 5659676
- Posted On: May 13, 2024
- Updated On: Jun 5, 2025
Description
Birchtree Meadows consists of 42 homes and could add up to 6 more currently! 24 Park Owned Homes, Private Road, Water, and Sewer. Updated and very well maintained mobile home park and utility systems. Room for a 45 site expansion! Fantastic location with easy access to various bodies of water, golf courses, schools, recreation, shopping, and entertainment.
Over $500k in capital improvements with all the upgrades to the drainage, electrical, water system, sewage system, and leach field!! Engineering report on file. Updated Water Lines, New Valves Added, & New Pump. Brand New Pump on Site for BackUp. Septic Pumps Added; Septic Lines Repaired to Eliminate All Ground Water Infiltration; Leach Field Repaired adding 50% Capacity Upgrade; Culverts Added; Septic Tanks Added, Repaired, or Risers Added. Maintained by Cashley Builders. Emergency Well Pump Repair, Pump House Culverts Repaired, Added Back-Up Heat, Dehumidifier, & Insulation to Pump House. 60% Main Road Repaired, Culverts Added, & Drainage Improved. Park Expansion Capabilities on 40 of the Acres - 45 More Sites!
Seller would consider some Owner Financing. Would also consider selling some of the park owned homes and reducing the price. Motivated and willing to work with you!
Location
GPS Friendly, Easy Access, Close to Amenities, Close to Ellsworth and Bar Harbor
Park Information
Community Type: | All Age |
Number of MH Lots: | 42 |
Total Occupancy: | 95.0 % |
Average MH Lot Rent: | $500 |
Size: | 72 acre(s) |
Financial Information (Actual)
Gross Income: | $487,440 |
Operating Expense: | $136,581 |
Net Operating Income: | $350,859 |
Expense Ratio: | 28.0 % |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 24 |
Average Rent for Park-owned Homes: | $1,600 |