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50 Davis St
Presque Isle, ME 04769

$1,200,000 USD

Manufactured Housing Mobile Home Park For Sale  •  34,995 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 34,995 SF
  • Lot Size 8.2 AC
  • Building Class C
  • Year Built 1900
  • Zoning UR
40 Walk Score

Highlights

86-pad, all-age MHP at $1,200,000 — just $13,953 per pad, well below replacement cost
NO CREATIVE FINANCING, SELLER FINANCING, OR PREFERRED EQUITY — cash or conventional only
$59,226 stabilized NOI in place today — a 4.94% cap
50 vacant pads with infrastructure already in the ground — pads, paved roads, municipal water/sewer
Billback never implemented — park-paid water/sewer (~44% of revenue) is untapped
Flat $350 lot rents, untouched below market — day-one mark-to-market lever

Property Flyers

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 2
Type: Reserved
Included in Rent: Yes
Jennifer Stein 213-446-5366 Jennifer Stein Real Estate Inc
Jennifer Stein 213-446-5366 Jennifer Stein Real Estate Inc