Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 7.0%
  • Listing ID: 544255
  • Posted On: Jun 28, 2015
  • Updated On: Jan 27, 2016

Description

> 55 Total Pads each serviced with City Water/Sewer
> Natural Gas - Hydro - Shaw Cable - Telus
> Each pad has off-street parking for at least 2 vehichles. > Park roads are paved
> Mature landscaping throughout the park in common areas and each lot.
> Park has been run remotely from Kelowna by the current owners with zero bad debt or collection issues (12 post dated cheques 90% and direct deposit for the balance).
> 100% Occupancy
> 90 % of Occupants are 50+ - Majority of tenants retired
> 47 Lots - Owner Occupied / Pad Rent
> 6 Park Owned Homes Rented (Included)
> 2 Park Owned Homes Under Contract (Included)
> Contracted Snow Removal/Lawn Care in place
> 2 years ongoing management included in the Offering Price

Property is approximately 6 Acres with nearly 600 feet of River Frontage. It is well located adjacent to the popular River Front Trail system and walking distance to downtown Quesnel. A short 3 minute drive to the Quesnel Golf Course.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: 55 And Over
Number of MH Lots: 55
Total Occupancy: 100.0 %
Year Built: 1974
Average MH Lot Rent: $273
Size: 6 acre(s)

Financial Information (Actual)

Gross Income: $218,604
Operating Expense: $47,953
Net Operating Income: $170,651
Expense Ratio: 21.9 %

Lot Information

Singlewide Lots: 54
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $750