Forest Ave Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30793863
Property Subtypes: Mobile Home Park
Number of Units: 32 Units
Building Size (RSF): 2,200 SF
Gross Building Area: 1,200 SF
Gross Land Area: 4.10 Acres
Sale Price: $900,000
Unit Price: $28,125 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/22/2022

Overview / Comments

Licensed for 32 sites this park offers a SF 3bed-1bath house, 10 park owned homes, 5 rented lots and 16 lots that can easily be rented. This park sits in a convenient location with walking distance to downtown Orono and all that it has to offer. Main St is only .7 of a mile walk... Another take away, the rents have not been increased in the last 5 years, with a little attention this investment has lots of upside potential in this market. There is a large building in need of repair but could be used for storage purposes.
Priced to sell, don't hesitate call Renee's Realty Network Today at 207-212-3134

Additional Details

Nearest MSA: Bangor
County: Penobscot
Tax ID/APN: 19490_19-03-040
Zoning: MDR-1
Percent Occupied: 50%

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 698 14,236 26,038
Median Age: 50.21 30.42 34.63
Households: 289 4,485 9,620
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.