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Address is Rt. 27 And Smithtown Road Pittston, ME 04345

Dot Fernald

The Dot Fernald Team,Inc.

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Brookside MHP

Manufactured Home Community for Sale in Pittston, Maine

Rt. 27 And Smithtown Road
Pittston, ME 04345

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Sale Price: $395,000
 

Contact Information

Dot Fernald
The Dot Fernald Team,Inc.

Mobile Home Park for Sale

Number of MH Lots: 16
Cap Rate: 9.0%
Purchase Method: Cash
Status: Sale Pending
Property ID: 842682
Posted on: Aug 08, 2017
Updated on: Jan 18, 2018
Price: $395,000

Property 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

Park Information

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%
Debt Info

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