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Address is 104 Swanlake Avenue Belfast, ME 04915

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Swanlake Mobile Home Park

Mobile Home Community for Sale in Belfast, Maine

104 Swanlake Avenue
Belfast, ME 04915

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Sale Price: $1,800,000

Mobile Home Park for Sale

Number of MH Lots: 48
Size: 7.4 acre(s)
Cap Rate: 14.1%
Purchase Method: Cash
Status: Active
Property ID: 878388
Posted on: Nov 14, 2017
Updated on: Oct 02, 2018
Price: $1,800,000

Property Description

OWNER WILL HELP FINANCE!!!

PRICE REDUCED FROM $1,925,000TO $1,800,000! SELLER SAYS SELL! 14.4 CAP Rate.

48 sites and a 4 unit apartment house sitting on 7.4 +/- acres. Frontage on Goose Neck River. Good fishing and scenic views. 38 park owned homes.

Paved roads, City water & sewer. Strong cash flow. Substantial improvements to park. Same owner the past 12 years.

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Park Information

Number of MH Lots:48
Size:7.4 acre(s)

Financial Information (Pro Forma)

Gross Income$344,000
Operating Expense$104,000
Net Operating Income$240,000
Expense Ratio 30.2%
Debt Info

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:38