Listed by The Dot Fernald Team
$775,000
Town & Country Mobile Home Park
Details
Property Type Mobile Home Park
Sub Type None
Units 18
Cap Rate 6.42%
NOI $49,745
Occupancy 100%
Pro-Forma Cap Rate 7.5%
Pro-Forma NOI $58,101
Broker Co-Op Yes
Class C
Year Built 1970
Acreage 39.000
Town & Country Mobile Home Park | 18 Pads | Corinth Maine
Marketing description
Town & Country MHP is licensed for 39 sites and is situated on 39 acres in Corinth, Maine with a mixture of open land and trees. 18 developed lots with 100% tenancy. 17 Tenant Owned Homes and 1 Rent to Own Home. Gravel road, new well in 2022, and eight septic systems. Manager on site, all age community, and potential to expand!
Investment highlights
- 39 acres - ability to add more pads and homes.
- 18 developed lots - 100% occupied.
- All tenant owned homes - 1 RTO home.
- New well installed in 2022.
- New pressure tanks in 2023.
- Gravel road - one loop and easy to maintain.
- Manager on site.
Listing Contacts
Listed by The Dot Fernald Team
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,745.00
$4,145.42/mo
Valuation Metrics
0
DSCR
6.42%
Cap Rate
6.42%
ROI
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