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Village Green MHP 344 Main St 39 Unit Mobile Home Park $1,875,000 ($48,077/Unit) 9.10% Cap Rate Corinth, ME 04427
Investment Highlights
- Licensed for 40 sites and situated on 40.38 acres. Possible expansion opportunity
- 5 park owned homes and 5 rent to own homes
- New maintenance garage on site. Newer well and water line improvements
Executive Summary
Licensed for 40 sites and situated on 40.38 lovely acres. Maintenance garage on site. Private road, well, and septic system. 5 park owned homes
and 5 rent to own homes. Road and water line improvements throughout & a new well. Fantastic opportunity for you!
and 5 rent to own homes. Road and water line improvements throughout & a new well. Fantastic opportunity for you!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$225,000
|
$229.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$225,000
|
$229.59
|
| Taxes |
$9,598
|
$9.79
|
| Operating Expenses |
$44,747
|
$45.66
|
| Total Expenses |
$54,345
|
$55.45
|
| Net Operating Income |
$170,655
|
$174.14
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $225,000 |
| Annual Per SF | $229.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $225,000 |
| Annual Per SF | $229.59 |
| Taxes | |
|---|---|
| Annual | $9,598 |
| Annual Per SF | $9.79 |
| Operating Expenses | |
|---|---|
| Annual | $44,747 |
| Annual Per SF | $45.66 |
| Total Expenses | |
|---|---|
| Annual | $54,345 |
| Annual Per SF | $55.45 |
| Net Operating Income | |
|---|---|
| Annual | $170,655 |
| Annual Per SF | $174.14 |
Property Facts
| Price | $1,875,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $48,077 | Lot Size | 40.38 AC |
| Sale Type | Investment | Building Size | 980 SF |
| Cap Rate | 9.10% | Average Occupancy | 93% |
| No. Units | 39 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1978 |
| Price | $1,875,000 |
| Price Per Unit | $48,077 |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 40.38 AC |
| Building Size | 980 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built | 1978 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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Village Green MHP | 344 Main St