Six Flags Mobile Home Park in Campton

Special Purpose for Sale
Sale Pending/Contingent
Catylist Listing ID: 30639071
Status: Pending/Contingent
Building Status: Proposed
Building Size (RSF): 1,491 SF
Gross Building Area: See Agent
Gross Land Area: 29.60 Acres
Sale Price: $925,000
Property Use Type: Investment, Business
Usable Size (USF): 1,491 SF
Sale Terms: Cash to Seller
Cap Rate: 8.1%
Last Updated: 11/14/2020

Overview / Comments

Profitable Six Flags Mobile Home Park with excellent potential for greater earnings. 89 approved sites. 69 active sites and one building owned by the park generate income. Park is located on 29.60 acres in Campton, NH directly off I-93 Exit 28, on the way to Waterville Valley. This is an opportunity to invest in a property which, with a little TLC, the bottom line can be significantly improved. Sale includes one 1491 s.f. rented building.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $8,133 (Annual)
Tax Value Land $216,000
Tax Value Improvements $427,300
Assessed Value - Total($) $643,300 (Annual)
Potential Rental Income $273,000 (Annual)
Gross Operating Income $194,120 (Annual)
Net Operating Income $74,690 (Annual)
Actual or Proforma Year Actual
Loan Amount $740,000
Down Payment $185,000
Annual Debt Service $61,084 (Annual)
Interest Rate (APR) 5.50

Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 010013000600000000
Zoning: COMMERCIAL/INDUSTRIAL
Property Located Between: I-93 Exit 28 and Waterville Valley
Largest Nearby Street: Campton Village Road (Rte. 49)
Highway Access: Directly off I-93 at Campton's Exit 28.
Site Description: 89 sites licensed by the State of NH. 69 currently occupied.
Area Description: In New Hampshire's North Country at the I-93 exit for Waterville Valley, conveniently-located mobile home park situated along the Mad River in Campton.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1940
Year Renovated: 1976
Construction/Siding: Wood Frame
Zoning Description: Commercial/Industrial
Part of Planned Development?: Yes
In Flood Plain?: Yes
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines, Water Rights
Easements Description: See attached documentation.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,333 4,206
Median Age: 43.92 43.26
Households: 1,407 1,785

Contact

Photograph of Listing Agent

Rose Culver

RE/MAX Commercial Innovative Properties
NECPE Member
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