Contact Information
Mobile Home Park Details
- Price: $3,800,000
- Purchase Method: New Loan
- Cap Rate: 8.3%
- Listing ID: 5659676
- Posted On: May 13, 2024
- Updated On: Oct 15, 2024
Description
Birchtree Meadows consists of 42 homes and could add up to 6 more! 23 Park Owned Homes, Private Road, Water, and Sewer. Updated and very well maintained mobile home park and utility systems. Room for expansion! Fantastic location with easy access to various bodies of water, golf courses, schools, recreation, shopping, and entertainment. Close to Ellsworth and only 35 minutes from Bar Harbor!
Location
GPS Friendly, Easy Access, Close to Amenities, Close to Ellsworth and Bar Harbor
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $465 |
| Size: | 72 acre(s) |
Financial Information (Actual)
| Gross Income: | $449,880 |
| Operating Expense: | $128,162 |
| Net Operating Income: | $321,718 |
| Expense Ratio: | 28.5 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 23 |
| Average Rent for Park-owned Homes: | $1,400 |
