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Espanola Mobile Home Park 2300 Lee Valley Road, Espanola, ON P5E 1P7
, Canada

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Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.1%
  • Listing ID: 473083
  • Posted On: Sep 30, 2014
  • Updated On: Dec 23, 2014

Description

Year round mobile home park in the Town of Espanola. Park is close to hospital and amenities. Approximately 45 minute drive to Sudbury, Ontario. Park sewer discharges to municipal system. Newly upgraded water treatment system on well water. Some land available for expansion.Commercial space presently a " Make Your Own Wine Store"

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Park Information

Community Type: All Age
Number of MH Lots: 59
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $285
Size: 16 acre(s)

Financial Information

Gross Income: $251
Operating Expense: $121
Net Operating Income: $130
Expense Ratio: 48.2 %
Debt Info: $275,000.00 First Mortgage

Lot Information

Singlewide Lots: 15
Doublewide Lots: 34

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0