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149 Loring Commerce Rd

17 Acres of Residential Land Offered at $489,027 CAD 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 (CAD)	Annual Per AC (CAD)
Gross Rental Income	$348,272	$20,486.61
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$348,272	$20,486.61
Taxes	$3,223	$189.61
Operating Expenses	$69,795	$4,105.58
Total Expenses	$73,018	$4,295.18
Net Operating Income	$275,254	$16,191.43

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual	$348,272
Annual Per AC	$20,486.61

Other Income (CAD)
Annual	-
Annual Per AC	-

Vacancy Loss (CAD)
Annual	-
Annual Per AC	-

Effective Gross Income (CAD)
Annual	$348,272
Annual Per AC	$20,486.61

Taxes (CAD)
Annual	$3,223
Annual Per AC	$189.61

Operating Expenses (CAD)
Annual	$69,795
Annual Per AC	$4,105.58

Total Expenses (CAD)
Annual	$73,018
Annual Per AC	$4,295.18

Net Operating Income (CAD)
Annual	$275,254
Annual Per AC	$16,191.43

Property Facts

Price	$489,027 CAD	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	$489,027 CAD
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.