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Foothills Mobile Home Park


Address: 1025 Waterton Ave., Pincher Creek, Alberta, T0K 1W0
Site: 3.95+/- Acres (density 12 units per acre)
Topography: Level
Pads: 45 pads (all single wide)
Expansion: Yes, one more pad (Max 46 plus Managers suite)
Residence: None
Services: City Sewer and water. Cable, telephone, natural gas, street lights and electric.
Age: 30+ years
Taxes: 2008 - $12,000
Zoning: C-2 Drive-In Commercial
Occupancy: 0 Vacancy
Pad Rents: $250/mo - $260/mo (includes sewer, water and garbage pickup)
Gross Income: $143,520 (2008 Projection)
Net Income: $87,440 (2008 Projection)
Cap Rate: 6.5%
Price: $1,350,000
Financing: Buyer to arrange his own new financing

 

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