The NMHC Group of KW Commercial is pleased to present Lakeside Mobile Home Community in North East, Maryland. This community formerly consisted of ~300 MH lots. Previous ownership began selling off individual parcels and now owns 122 lots throughout the larger subdivision. The community currently operates at only 55% occupancy – leaving the next operator with the ability to bring in new homes for sale. Lakeside operates on municipal water & sewer billed directly to residents, while the park pays the utility minimum on all vacant lots. All roads are public which allows ownership to cut down on road repair and snowplow expenses. North East, Maryland, located between Baltimore, MD and Wilmington, DE is home to a population exceeding 4,000 with an average SFH cost of $329k. Lakeside has recently worked to increase occupancy by bringing in refurbished homes on a payment plan. The unit mix consists of: 28 TOH 32 RTOs 7 Lease – Option Purchases 11 Renovations 7 Homes to set 37 Vacant lots As always, this is a confidential sale. Please do not go to the community without setting up a showing appointment with the listing agents. If on site, do not under any circumstances speak with any tenants or employees. Please contact us for additional information.
