1135 Bragdon Rd Wells, ME 04090
- Mobile home & RV parks
- 6.07 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 1135 Bragdon Rd
- Lot size
- 6.07 lot acres
- Property type
- Mobile home & RV parks
- APN
- 30-016
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wells
- County
- York
- State
- Maine
- Longitude
- -70.683169432864
- Latitude
- 43.323168494033
