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Houlton Mobile Home Park 3 1st St 55 Unit Mobile Home Park $2,864,052 CAD ($52,074 CAD/Unit) 10% Cap Rate Houlton, ME 04730
Investment Highlights
- 55-pad mobile home community with 40 occupied homes for established cash flow.
- Easy access to U.S. Route 1 and I-95 enhances regional connectivity.
- Income $306,000
- Located in Houlton, a hub for Aroostook County, offering access to services and employment.
- Call listing broker for more information
- Expenses $98,880
Executive Summary
This is a rare opportunity to acquire a well-established mobile home community in the heart of Houlton, Maine. The property features 55 total pads with 40 currently occupied, offering immediate income and significant upside potential for investors. With strong occupancy and stable tenant relationships, this park delivers consistent cash flow while leaving room for increased profitability as remaining pads are filled. Located near local amenities, schools, and major roadways, the community provides convenient living for residents and easy access to employers and services. The sizeable lot and layout create efficiencies for long-term operations and scalability. This investment combines income stability with future growth prospects, making it an attractive addition to any portfolio.
Property Facts
| Price | $2,864,052 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $52,074 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 18.40 AC |
| Cap Rate | 10% | Building Size | 1,111 SF |
| Gross Rent Multiplier | 6.7 | No. Stories | 1 |
| No. Units | 55 | Year Built | 1955 |
| Property Type | Multifamily | ||
| Zoning | RURAL - Residential | ||
| Price | $2,864,052 CAD |
| Price Per Unit | $52,074 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| Gross Rent Multiplier | 6.7 |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 18.40 AC |
| Building Size | 1,111 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Zoning | RURAL - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 55 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | HOUL-000035-000000-000024 | Improvements Assessment | $1,946 CAD |
| Land Assessment | $531,915 CAD | Total Assessment | $533,861 CAD |
Property Taxes
Parcel Number
HOUL-000035-000000-000024
Land Assessment
$531,915 CAD
Improvements Assessment
$1,946 CAD
Total Assessment
$533,861 CAD
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Houlton Mobile Home Park | 3 1st St
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