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Address is 434 Tate Road Corinth, ME 04427

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Town & Country MHP

Mobile Home Community for Sale in Corinth, Maine

434 Tate Road
Corinth, ME 04427

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Mobile Home Park for Sale

Number of MH Lots: 18
Cap Rate: 15.0%
Purchase Method: Cash
Status: Sold
Property ID: 853423
Posted on: Sep 01, 2017
Updated on: Jan 29, 2018

Property Description

Town & Country MHP is licensed for 39 Pads, with 18 developed sites. Includes 4 Financed Notes and 3 Owned Homes, and 15 rented pads. Lot 7 is an owned home and is occupied by the manager and he does not pay any rent. The park consist of 48+ acres with a mixture of open land and trees, and is serviced by one state monitored well and 8 septic systems which are on scheduled maintenance with paved roads.

Location Description

Corinth is a popular area with all the amenities and just 12 miles to Bangor. Many hiking trails and so much more!

Park Information

Number of MH Lots:18
Total Occupancy:70.0%
Year Built:40
Average MH Lot Rent: $215

Financial Information (Actual)

Gross Income$53,161
Operating Expense$11,650
Net Operating Income$41,510
Expense Ratio 21.9%
Debt Info

Lot Information

Singlewide Lots:15
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 Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:3