Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.0% (Actual)
- Listing ID: 866760
- Posted On: Oct 8, 2017
- Updated On: Aug 22, 2018
Description
Maple Ridge MHP is situated on 10.5 Acres, and is licensed for 44 Pads, and 33 are developed. There are 15 Owned Homes, and 10 rented Pads with Private Water and Public Sewer. Lot 37 has a 40 x 60 Steel Building on a concrete slab with power that could be used to store equipment, or could be used for storage to store boats or campers, etc. The Lots are approximately 75 x 90 and 100 x 100. There are 10 Lots located on a developed road that will need utilities. If you have any interest email Dot at dotfernald24@gmail.com for a detailed Marketing Package.
Location
Corinna is located near the mid-point of I-95, which extend from Kittery to Houlton. Use Newport Exit #157 and travel north for 7 miles on “The Mooshead Trail” (Route 7). Corinna’s businesses are within hours of all major northeastern markets. Bangor International Airport is only 35 minutes from Corinna via I-95. Corinna offers a quality of life that is unmatched with many nearby outdoor recreational opportunities. Activities such as snowmobiling, fishing, bird watching, hiking, mountain climbing, skiing, bird watching, hunting, and camping are all outside our back door. Full health care services are available within the community and specialized care is available nearby.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1985 |
| Average MH Lot Rent: | $300 |
| Size: | 11 acre(s) |
Financial Information (Actual)
| Gross Income: | $145,680 |
| Operating Expense: | $58,316 |
| Net Operating Income: | $87,363 |
| Expense Ratio: | 40.0 % |
Lot Information
| Singlewide Lots: | 33 |
| 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: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $650 |
