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50 Davis Street

Presque Isle, ME 04769
  • $1,650,000
  • STATUS: Active
  • MLS #: 1545772
UPDATED: 70 min ago
$1,650,000
  • 0
    BEDS
  • 9.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,150
    SQFT
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

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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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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-02-03T07:48:03.68.
www.thenewenglandreco.com/homes/133909066
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50 Davis Street Presque Isle, ME 04769

  • Price: $1,650,000
  • Status: Active
  • On Site: Days
  • Updated: 70 min ago
  • MLS #: 1545772
0
Beds
0
Baths
0
½ Baths
9.58
Acres
16,150
SQFT
$102
$/SQFT
1970
Built
County:
Aroostook
Area:
Presque Isle
Property 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!
Exterior Features

Construction Mobile Driveway Gravel Exterior Other ExteriorVinyl Siding Foundation Materials Slab Parking On SiteReserved Roads PavedPrivate Site LevelOpen Vehicle Storage No Vehicle Storage Water Info Water Frontage No Water Info Water View No

Interior Features

Basement Slab Floors LaminateOther Units Number Of1 Bd Units 0 Units Number Of2 Bd Units 15 Units Number Of3 Bd Units 4 Units Number Of4 Or More Bd Units 0

Property Features

Cooling None Electric On Site Full Tax Amount Amount 11411.00 Gas Bottled Heat Fuel K-1/Kerosene Heat System Forced Leased Land No Location IntownMobile Home ParkNear ShoppingNeighborhood Lot 57 Restrictions Pet Seasonal No Sewer Public Sewer Sqft Finished Above Grade 16150.00 Sqft Finished Below Grade 0.00 Sqft Source Other Style Single Wide Surveyed Unknown Tax Year 2021 Transportation Major Road Access Water Public Zoning Mhp Zoning Overlay Unknown

Maine Real Estate Information Systems logo Listing provided courtesy of The Dot Fernald Team, Inc.: [IDXCONTACTINFORMATION].

© 2023 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-02-03T07:48:03.68.
 
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