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17640048
17640054

Route 182 Franklin Road, Hancock, ME 04640

SR
ME DB109363
The Dot Fernald Team
Listed by The Dot Fernald Team
$3,600,000
752 days on market
Updated 18 days ago

Birchtree Meadows Mobile Home Park

Details
Property Type Mobile Home Park
Units 42
Cap Rate 9.34%
NOI $336,393
Occupancy 100%
Pro-Forma Cap Rate 18.22%
Pro-Forma NOI $656,041
Broker Co-Op Yes
Class B
Acreage 72.000
Zoning Commercial

Birchtree Meadows - Hancock Maine - 42 homes - Well maintained & Updated Utilities

Marketing description

Birchtree Meadows consists of 42 homes and could add up to 6 more on site with proper permits! 21 Park Owned Homes, Private Road, Water, and Sewer. Updated and very well maintained mobile home park and utility systems. Room for an additional 45 site expansion! Fantastic location with easy access to various bodies of water, golf courses, schools, recreation, shopping, and entertainment.

Over $500k in capital improvements with all the upgrades to the drainage, electrical, water system, sewage system, and leach field!! Engineering report on file. Updated Water Lines, New Valves Added, & New Pump. Brand New Pump on Site for BackUp. Septic Pumps Added; Septic Lines Repaired to Eliminate All Ground Water Infiltration; Leach Field Repaired adding 50% Capacity Upgrade; Culverts Added; Septic Tanks Added, Repaired, or Risers Added. Maintained by Cashley Builders. Emergency Well Pump Repair, Pump House Culverts Repaired, Added Back-Up Heat, Dehumidifier, & Insulation to Pump House. 60% Main Road Repaired, Culverts Added, & Drainage Improved. Park Expansion Capabilities on 40 of the Acres - 45 More Sites!

Seller would consider some Owner Financing. Would also consider selling some of the park owned homes and reducing the price. Motivated and willing to work with you!

Investment highlights

Over $500k in capital improvements with all the upgrades to the drainage, electrical, water system, sewage system, and leach field!! Engineering report on file. Updated Water Lines, New Valves Added, & New Pump. Brand New Pump on Site for BackUp. Septic Pumps Added; Septic Lines Repaired to Eliminate All Ground Water Infiltration; Leach Field Repaired adding 50% Capacity Upgrade; Culverts Added; Septic Tanks Added, Repaired, or Risers Added. Maintained by Cashley Builders. Emergency Well Pump Repair, Pump House Culverts Repaired, Added Back-Up Heat, Dehumidifier, & Insulation to Pump House. 60% Main Road Repaired, Culverts Added, & Drainage Improved. Park Expansion Capabilities on 40 of the Acres - 45 More Sites!

Birchtree Meadows consists of 42 homes and could add up to 6 more on site with proper permits! 21 Park Owned Homes, Private Road, Water, and Sewer. Updated and very well maintained mobile home park and utility systems. Room for an additional 45 site expansion! Fantastic location with easy access to various bodies of water, golf courses, schools, recreation, shopping, and entertainment.

Seller would consider some Owner Financing. Would also consider selling some of the park owned homes and reducing the price. Motivated and willing to work with you!

Listing Contacts

SR
ME DB109363
The Dot Fernald Team
Listed by The Dot Fernald Team

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$336,393.00
$28,032.75/mo

Valuation Metrics

0
DSCR
9.34%
Cap Rate
9.34%
ROI

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