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LaBranche Mobile Home Park 22 Range Rd 51 Unit Mobile Home Park $4,109,130 CAD ($80,571 CAD/Unit) 3.97% Cap Rate Franklin, NH 03235
Investment Highlights
- 55+ Manufactured Home Community
- Park-Like Setting & Community Feel
- 17.5 Total Acres
- Significant Upside
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the LaBranche Mobile Home Park, a 55+ manufactured home community located in Franklin, NH (the “Property”). The Property is spread out over 17.5 acres of land, the quiet setting offers a traditional neighborhood feel with tree-lined streets and green space. The community contains fifty-one (51) mobile home sites and was originally established in 1965. Each tenant is responsible for their own oil and propane powered heat and hot water, as well as separately metered electricity, which tenants pay directly. The Landlord is responsible for providing common area electric, and public water and sewer. LaBranche Mobile Home Park is located just off Route 3A (NH-3A), along the Pemigewasset River and just 1.2 miles away from Webster Lake. The Property offers its residents tranquil living in the inviting state of New Hampshire. Labranche Mobile Home Park is located within Merrimack County, and offers numerous dining, recreational, shopping, and family oriented amenities.
Property Facts
| Price | $4,109,130 CAD | Apartment Style | Garden |
| Price Per Unit | $80,571 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 17.50 AC |
| Cap Rate | 3.97% | Building Size | 25,500 SF |
| No. Units | 51 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Zoning | R2 | ||
| Price | $4,109,130 CAD |
| Price Per Unit | $80,571 CAD |
| Sale Type | Investment |
| Cap Rate | 3.97% |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 17.50 AC |
| Building Size | 25,500 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
| Zoning | R2 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $94,784 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $94,784 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$94,784 CAD
Total Assessment
$94,784 CAD
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LaBranche Mobile Home Park | 22 Range Rd
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