CRI Brokerage is pleased to present Presque Isle MHP at 50 Davis Street, Presque Isle, ME is a rare opportunity to acquire an 86-site, all-age manufactured housing community in the commercial hub of Aroostook County. Priced at $1,200,000, the asset offers a basis of just $13,953 per pad, well below comparable county pricing and replacement cost.

The property is currently 41.9% occupied with 27 lot-rent sites, 8 park-owned homes, 1 single-family home, and 50 vacant pads ready for infill. Infrastructure is already in place: pads, paved roads, and municipal water and sewer. Electric is direct-billed to tenants. Water and sewer billback has never been implemented, leaving a park-paid expense of roughly 44% of revenue as untapped upside.

In-place NOI is $59,226, a 4.94% cap at asking. Pro forma NOI at full occupancy is approximately $111,092, a 9.3% pro forma cap rate on purchase price, before any utility billback or rent increases. Lot rents sit flat at $350 with immediate mark-to-market potential, and neither Maine nor Presque Isle has rent control. Maine's active resident co-op market adds a full-value exit option.

Located adjacent to Presque Isle International Airport in one of Northern Maine's key service and employment centers, this community combines scale, low basis, and multiple layers of operational upside.