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434 Tate Rd - Town & Country Mobile Home Park 8,640 SF Specialty Building Offered at $775,000 at a 6.33% Cap Rate in Corinth, ME 04427
Investment Highlights
- 39 acres with room to add more pads and homes
- All tenant owned homes. 2 homes are RTO
- 18 developed lots that are 100% occupied
Executive Summary
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. 16 Tenant Owned Homes and 2 Rent to Own Homes. Gravel road, new well in 2022, and eight septic systems. Manager on site, all age community, and potential to expand!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$82,440
|
$9.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,440
|
$9.54
|
| Taxes |
$4,079
|
$0.47
|
| Operating Expenses |
$29,312
|
$3.39
|
| Total Expenses |
$33,391
|
$3.86
|
| Net Operating Income |
$49,049
|
$5.68
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $82,440 |
| Annual Per SF | $9.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,440 |
| Annual Per SF | $9.54 |
| Taxes | |
|---|---|
| Annual | $4,079 |
| Annual Per SF | $0.47 |
| Operating Expenses | |
|---|---|
| Annual | $29,312 |
| Annual Per SF | $3.39 |
| Total Expenses | |
|---|---|
| Annual | $33,391 |
| Annual Per SF | $3.86 |
| Net Operating Income | |
|---|---|
| Annual | $49,049 |
| Annual Per SF | $5.68 |
Property Facts
| Price | $775,000 | Building Class | C |
| Price Per SF | $89.70 | Lot Size | 39.00 AC |
| Sale Type | Investment or Owner User | Building Size | 8,640 SF |
| Cap Rate | 6.33% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1970 |
| Property Subtype | Trailer/Camper Park |
| Price | $775,000 |
| Price Per SF | $89.70 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.33% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 39.00 AC |
| Building Size | 8,640 SF |
| No. Stories | 1 |
| Year Built | 1970 |
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434 Tate Rd - Town & Country Mobile Home Park
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