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Listed by Dorothea Perkins Realty of Maine
$ 399,000
Est. payment | /mo
999 SqFt
$ 399,000
Est. payment | /mo
999 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 999 sqft
Price per Sqft $399
MLS Listing ID 1657168
HOA Y/N No
Lot Size 50.000 Acres
Acres 50.0
Property Sub-Type Multi Family
Source Maine Listings
Land Area 999
Property Description
This established mobile home park presents an excellent opportunity for investors seeking immediate income with significant upside potential. Set on approximately 50 acres, the park is currently improved with 8 home sites and is licensed for up to 20 units, leaving substantial room for future expansion. Infrastructure is already in place with two wells and four septic systems, each serving two units.
The property includes seven park-owned mobile homes and one tenant-owned home that provides consistent lot rent income. An additional prepared lot is ready for another home, allowing for immediate expansion. Four of the park-owned homes are currently rented, while two are vacant, creating flexibility for an owner-occupant, additional rental income, or renovations before leasing. Many of the homes have been updated with improvements that enhance their appeal and reduce near-term maintenance needs.
Whether you're looking to expand an existing investment portfolio or enter the mobile home park sector with a property that combines current cash flow and long-term growth potential, this park provides a rare opportunity. With expansion capacity, existing infrastructure, and acreage to support future development, the possibilities for increasing value and income are significant.
The property includes seven park-owned mobile homes and one tenant-owned home that provides consistent lot rent income. An additional prepared lot is ready for another home, allowing for immediate expansion. Four of the park-owned homes are currently rented, while two are vacant, creating flexibility for an owner-occupant, additional rental income, or renovations before leasing. Many of the homes have been updated with improvements that enhance their appeal and reduce near-term maintenance needs.
Whether you're looking to expand an existing investment portfolio or enter the mobile home park sector with a property that combines current cash flow and long-term growth potential, this park provides a rare opportunity. With expansion capacity, existing infrastructure, and acreage to support future development, the possibilities for increasing value and income are significant.
Location
State ME
County Penobscot
Rooms
Other Rooms Shed(s)
Basement None
Exterior
Parking Features 21+ Spaces, On Site
Roof Type Metal
Building
Lot Description Rural
Foundation Gravel/Pad
Water Private, Well
Others
Tax ID 5267BennochRoadLagrange04453
Nearby Locations
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