Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 10.0%
  • Listing ID: 833350
  • Posted On: Jul 18, 2017
  • Updated On: Jan 18, 2018

Description

Knapp MHP is licensed for 29 Pads, and only 1 pad has never had a home on it, and the water and sewer is at the site.
There are 14 rented sites, with Public Water and Public Sewer, 1 vacant home that could be renovated, and rented, and 1 Financed Home. The homes are individually metered, and if a new owner wanted to read the meters and bill the tenants, it could easily be done for extra income. There is a vacant lot abutting the pond that would make a beautiful lot, if the owner wanted to live in the park. There are 40 acres and the park could easily be expanded. Seller will entertain owner financing to a qualified buyer with a $50,000 down payment.

Location

A small Country atmosphere town closed to Bangor, ME

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 29
Total Occupancy: 50.0 %
Year Built: 1965
Average MH Lot Rent: $205
Size: 40 acre(s)

Financial Information (Actual)

Gross Income: $36,588
Operating Expense: $12,928
Net Operating Income: $23,659
Expense Ratio: 35.3 %
Debt Info: 2017

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0

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