• Year Built: 1958
Bates Street is amulti-family property for lease in Millinocket, ME.
The Park consists of 100 existing pads, and is license with the State of Maine for 140 sites. There are 32 +/- acres of land for future development. It consists of public water and public sewer, paved driveways, and paved roads. The park has 13 mobile homes that are included in the sale and the current revenue is $167,400.00. There are 27 vacant pads that could be rented immediately, for potential future revenue. Lot 298 is a double wide that is an owned home that the seller utilizes as his office, and could easily be rented for $600.00 per month. The park is in excellent condition and is being managed by the owner. The Seller is willing to hold a 2nd mortgage, but the price would have to be increased by the amount of the 2nd mortgage. Seller will not hold a 2nd mortgage at the $775,000.
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