Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire the 117-unit Northeast Maine MHC Portfolio, a well-located affordable housing opportunity located in Aroostook County, along the Maine & New Brunswick border. The MHC’s are all located in an opportunity zone which adds upside in the supply constrained market of Northern Maine.

The portfolio consists of three peaceful, and well-maintained, all-age communities, Houlton, Caribou Stream and Salmon Brook MHC each offering a compelling investment opportunity with spacious lots, newly rehabbed homes and on-site management providing immediate upside through infilling homes, leasing and raising rates.

Caribou & Salmon MHC are located within 15 minutes of each other and Houlton is just 60 miles south providing an efficient management opportunity.

The asking price for the portfolio is $3,500,000 ($29,900/site).
This represents a 7.85% cap rate on Year 1.

Crexi Link to Due Diligence:

Amy.Barrett@Colliers.com
727 798 2200

DO NOT CONTACT THE PARK OR PARK MANAGEMENT UNDER ANY CIRCUMSTANCES. PROPERTY TOURS MUST BE SCHEDULED THROUGH BROKER IN ADVANCE.