15 Pad Mobile Home Park - 18% Cap rate with Mgmt cost included

[Kurtis Marsh]

Corinna Maine - 15 Pad mobile home park that includes 13 park owned homes. Park has been well documented income and expenses (owner has detailed expenses and no issue providing taxes). This is an older park but well run park. Homes range from oldest a 1968 to 90's homes. Income is $86,803 and NOI of $47,251 (this is with expenses including Mgmt cost of $9,400) so good potential. Owner currently lives on site in 1 home (pays no rent) and does own lawn and snow but rent from his unit should cover the additional lawn and snow cost if owner wasn't on site. Listed with Kurtis Marsh Realty of Maine 207-974-6606. Price $269,900