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Woodland MH Park

Manufactured Home Community for Sale in Mckenzie, British Columbia

Chichouyenily Dr
Mckenzie, BC V0J 2C0
Sale Price: $3,250,000

Mobile Home Park for Sale

Number of MH Lots: 113
Size: 17 acre(s)
Cap Rate: 8.5%
Purchase Method: Seller Financing
Status: Active
Property ID: 841208
Posted on: Aug 04, 2017
Updated on: Aug 04, 2017
Price: $3,250,000

Property Description

The Woodland Mobile Home Park is located in Mackenzie BC about 2 hours north of Prince George BC, about 185 km. It consists of 113 mobile home pads on seventeen acres (17 acres) with full city services of city water and sewer, garbage pickup, hydro, natural gas and cable TV. The streets are paved and have had considerable improvements over past few years. The pads will accommodate 14’ wide homes. Zoning RM-3 specifically for mobile homes and current density permits 8 sites per acre. The park was built in 1970. It has a mixture of homes ageing form the 1970’s to some newer in the 2000’s.

Park Information

Number of MH Lots:113
Total Occupancy:53.0%
Year Built:1970
Average MH Lot Rent: $315
Size:17.0 acre(s)

Financial Information (Actual)

Gross Income$253,476
Operating Expense$73,000
Net Operating Income$180,476
Expense Ratio 28.8%
Debt Info

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:0