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149 Loring Commerce Rd

17 Acres of Residential Land Offered at £269,945 in Limestone, ME 04750

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Investment Highlights

17+ acres close to Route 89, amenities, and jet fuel refinery
Great potential once homes are renovated and new homes brought in

Licensed for 54 sites on easy to maintain road

Executive Summary

Loring Woods MHP is licensed for 54 Sites and is situated on 17+ acres in Limestone, Maine. The park is wooded with trees between the lots and is serviced with a drilled well and private septic system. The systems were upgraded in 2008. 4 occupied homes, 9 homes on site to renovate, and numerous possibilities to increase the revenue for this park!

Loring Woods Mobile Home Park-

Additional Info

Financial Summary (Pro forma - 2024)	Annual	Annual Per AC
Gross Rental Income	£192,248	£11,308.70
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£192,248	£11,308.70
Taxes	£1,779	£104.66
Operating Expenses	£38,527	£2,266.30
Total Expenses	£40,306	£2,370.96
Net Operating Income	£151,942	£8,937.74

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£192,248
Annual Per AC	£11,308.70

Other Income
Annual	-
Annual Per AC	-

Vacancy Loss
Annual	-
Annual Per AC	-

Effective Gross Income
Annual	£192,248
Annual Per AC	£11,308.70

Taxes
Annual	£1,779
Annual Per AC	£104.66

Operating Expenses
Annual	£38,527
Annual Per AC	£2,266.30

Total Expenses
Annual	£40,306
Annual Per AC	£2,370.96

Net Operating Income
Annual	£151,942
Annual Per AC	£8,937.74

Property Facts

Price	£269,945	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Residential
Sale Conditions	Distress Sale	Total Lot Size	17.00 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£269,945
Sale Type	Investment or Owner User
Sale Conditions	Distress Sale
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	17.00 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.