For Sale
$895,000

1135 Bragdon RdWells, ME 04090

13 Units, 8.03% Cap Rate, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 13-unit mobile home park situated on a 6.07-acre lot in Wells, Maine. The property, identified by APN 30-016 and located at 1135 Bragdon Rd, Wells, ME 04090, is zoned R-Rural and boasts a strong 8.03% capitalization rate. Currently, all 13 pads are occupied by tenant-owned homes, each generating a monthly rental income of $525. This translates to a price per unit of $68,846.15, offering a compelling return on investment. The park benefits from its convenient location, less than 15 minutes from area beaches and just 4 miles from the Maine Turnpike, ensuring easy access for residents and potential future tenants. The property is classified as a Class B multifamily investment and presents a low-management, high-return opportunity. The current owner, Lahey Industries, LLC, is offering this property for $895,000. This represents a rare chance to acquire a well-established, high-performing mobile home park in a desirable coastal Maine location. The property's strong occupancy rate and consistent rental income stream make it an attractive addition to any real estate portfolio.

Highlights

  • 13-unit mobile home park on a 6.07-acre lot in Wells, ME.
  • APN 30-016, located at 1135 Bragdon Rd, Wells, ME 04090; R-Rural zoning.
  • 8.03% capitalization rate; 100% occupancy; $525/month per pad rental income.
  • $895,000 asking price; $68,846.15 price per unit.
  • Less than 15 minutes to area beaches and 4 miles to the Maine Turnpike.

Property Details for 1135 Bragdon Rd

Property type
Mobile home & RV parks
Class
B
Lot Size (sq. ft)
264,409 SF
Units
13

Location Insight

City
Wells
County
York
State
Maine
Latitude
43.323168494033
Longitude
-70.683169432864
1135 Bragdon Rd, Wells, Maine

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1135 Bragdon Rd
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