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Route 182 Franklin Rd - Birchtree Meadows Mobile Home Park 72 Acres of Commercial Land Offered at $3,800,000 in Hancock, ME 04640
INVESTMENT HIGHLIGHTS
- Well maintained and updated park and utilities
- 24 park owned homes and 18 tenant owned homes. Can add 6 more now with new permits and 45 more with new expansion
- 95% full with room for expansion
EXECUTIVE SUMMARY
Birchtree Meadows consists of 42 homes and could add up to 6 more on site with proper permits! 24 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!
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!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$476,160
|
$6,613.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$476,160
|
$6,613.33
|
| Taxes |
$17,063
|
$236.99
|
| Operating Expenses |
$135,931
|
$1,887.93
|
| Total Expenses |
$152,994
|
$2,124.92
|
| Net Operating Income |
$323,166
|
$4,488.42
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $476,160 |
| Annual Per AC | $6,613.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $476,160 |
| Annual Per AC | $6,613.33 |
| Taxes | |
|---|---|
| Annual | $17,063 |
| Annual Per AC | $236.99 |
| Operating Expenses | |
|---|---|
| Annual | $135,931 |
| Annual Per AC | $1,887.93 |
| Total Expenses | |
|---|---|
| Annual | $152,994 |
| Annual Per AC | $2,124.92 |
| Net Operating Income | |
|---|---|
| Annual | $323,166 |
| Annual Per AC | $4,488.42 |
PROPERTY FACTS
| Price | $3,800,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 72.00 AC |
| Zoning | COMM - Commercial | ||
| Price | $3,800,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 72.00 AC |
| Zoning | COMM - Commercial |
1 LOT AVAILABLE
Lot
| Price | $3,800,000 | Lot Size | 72.00 AC |
| Price Per AC | $52,777.78 |
| Price | $3,800,000 |
| Price Per AC | $52,777.78 |
| Lot Size | 72.00 AC |
GPS Friendly, Easy Access, Close to Amenities, Close to Ellsworth and Bar Harbor
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Route 182 Franklin Rd - Birchtree Meadows Mobile Home Park
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