Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 21.7%
- Listing ID: 892375
- Posted On: Jan 12, 2018
- Updated On: Aug 10, 2021
Description
ANOTHER PRICE REDUCTION! CASH PRICE:$249K-21.7 CAP. Offer with the least contingencies and fastest closing gets it!
10 site mobile home park on 2.23 +/- acres. 8 park owned homes. Private water & septic system. New leach field in 2017.
Park is approximately 1.5 miles from downtown Brewer and Bangor. Both cities thriving commerce centers. Close to shopping, recreation and service industries. Bangor is home to Hollywood Casino.
Owner reports park is easily managed and hardly ever has a vacancy. Proforma shows 7% vacancy, which is reportedly high for this park. All rents increasing 8/1/2018. Proforma based on August rent increase.
Email us for a brochure. $389,000.00was asking price. Offer encouraged.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 10 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $73,740 |
| Operating Expense: | $19,624 |
| Net Operating Income: | $54,116 |
| Expense Ratio: | 26.6 % |
Lot Information
| Singlewide Lots: | 10 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |