1970 Single Wide, Multi-Family - Presque Isle, ME for Sale 50 Davis Street, Presque Isle, ME 04769
Off Market
- 0 Bedrooms
- 0 Bathrooms
1970 Single Wide, Multi-Family - Presque Isle, ME for Sale 50 Davis Street, Presque Isle, ME 04769
Off Market
- 0 Bedrooms
- 0 Bathrooms
- Price:
- Rooms: 0 bed(s), 0 bath(s)
- Model: 1970
- Property ID: 1909859
- Posted On: Oct 14, 2022
- Updated On: Jan 5, 2023
Mobile Home Description
Presque Isle Mobile Home Park is an excellent turnkey investment property located in the middle of the beautiful town of Presque Isle, Maine - the largest town in Northern Maine above Bangor. This Mobile Home Park is the largest park in Northern Maine with 85 Licensed Pads, a single-family home, and situated on 9.58 acres. Public water & sewer and private paved roads. Seller is also offering a credit of $50,000. This will help cover the cost of a new sewer line (estimated replacement is $20,000) and help fill vacant lots with new homes. Great opportunity for profit growth! Consistent occupancy and a waiting list for prospective tenants. Presque Isle is located on the border of USA and Canada. Economically, it has gone through the strongest upswing in decades. The subject property presents a prime investment with an actual in going Cap rate of 10.34% with an enormous opportunity to create upside by bringing in more homes to rent. Northern Maine, particularly Presque Isle, has a classic New England feel of going back in time. Walking distance to the mall, Walmart and Downtown. It is 1 to 2 blocks off the Main Street, which is walking distance to the Banks, Fast Food, & other Main Street Businesses. Come check it out and make it your very own today!
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Original Listing