Presque Isle, ME 04769,50 Davis ST
Presque Isle, ME 04769,50 Davis ST
Presque Isle, ME 04769,50 Davis ST
Presque Isle, ME 04769,50 Davis ST
Presque Isle, ME 04769,50 Davis ST
Presque Isle, ME 04769,50 Davis ST
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Listed by The Dot Fernald Team, Inc.
Bought with The Dot Fernald Team, Inc.

$1,150,000

$1,650,000

30.3%
Est.Price: ?

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708 SqFt


SOLD DATE : 01/04/2024

Key Details

Sold Price $1,150,000

Property Type Commercial Sale

Sub Type Multi Family

Listing Status Sold

Square Footage 708 sqft

MLS Listing ID 1573361

Sold Date 01/04/24

HOA Y/N No

Originating Board Maine Listings

Annual Tax Amount $14,224

Tax Year 2022

Lot Size 9.580 Acres

Acres 9.58

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 8% 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!

Location

State ME

County Aroostook

Zoning MHP

Direction Get on I-95 N and follow until US-1 N in Houlton. Take Exit 302 from I-95N. Follow US-1 N to Jordan Street in Presque Isle.

Exterior

Garage Reserved, On Site

View Y/N No

Parking Type Reserved, On Site

Building

Lot Description Mobile Home Park, Near Shopping

Sewer Public Sewer

Water Public

Others

Financing Private

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Maine MLS (MREIS) IDX
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Brownfield, ME, 04010, United States

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