Knapp MHP

Multi-Family for Sale
Catylist Listing ID: 30147831
Property Subtypes: Mobile Home Park
Number of Units: 29 Units
Building Size (RSF): 980 SF
Gross Building Area: See Agent
Gross Land Area: 40 Acres
Sale Price: $229,900
Unit Price: $7,927.59 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/23/2017

Overview / Comments

Knapp MHP is licensed for 29 Pads, and only 1 pad has never had a home on it, and the water and sewer is at the site.
There are 14 rented sites, with Public Water and Public Sewer, 1 vacant home that could be renovated, and rented, and 1 Financed Home. The homes are individually metered, and if a new owner wanted to read the meters and bill the tenants, it could easily be done for extra income. There is a vacant lot abutting the pond that would make a beautiful lot, if the owner wanted to live in the park. There are 40 acres and the park could easily be expanded. Seller will entertain owner financing to a qualified buyer with a $50,000 down payment.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $3,492 (Annual)

Additional Details

Nearest MSA: Bangor
County: Piscataquis
Taxing Authority: Town of Milo
Tax ID/APN: 005/Part Lot 6
Zoning: UNKNOWN
Percent Occupied: 50%
Airports: Bangor Airport
Site Description: Flat and rural, the homes have plenty of space in between each other.
Property Condition: Fair
Parking Description: There are 29 pads and 2 cars can park on each site.
Zoning Description: The property is zoned for a mobile home park
Lot Frontage: See Attached Map
Lot Depth: See Attached Map
Water Service: Municipal
Sewer Type: Municipal
Easements Description: See Attached Deed
Land Ownership: See Attached Deed
Legal Description: See Attached Deed

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 876 1,719
Median Age: 44.52 46.19
Households: 383 785

Contact

Photograph of Listing Agent

Dot Fernald

The Dot Fernald Team Inc.
NECPE Member
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