Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0% (Actual)
- Listing ID: 842682
- Posted On: Aug 8, 2017
- Updated On: Mar 15, 2018
Description
Brookside MHP has beautiful private lots in a peaceful country setting! The park is licensed for 16 pads, and is serviced by a private water and sewer system. The roads are private & paved, and are maintained by the owner. It is situated on 4.5 acres, and the Maine Park License is a 55+ older park, which means 80% of the tenants, at least one person out of the 80% has to be 55 years old to purchase in the park. The rents are extremely low! A great opportunity for a very good investment! Priced at $395,000
Location
Rural Setting close to many amenities
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 16 |
| Total Occupancy: | 100.0 % |
Financial Information (Actual)
| Gross Income: | $52,860 |
| Operating Expense: | $18,985 |
| Net Operating Income: | $33,874 |
| Expense Ratio: | 35.9 % |
Lot Information
| Singlewide Lots: | 16 |
| 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: | 3 |
| Average Rent for Park-owned Homes: | $575 |