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Pine Lane Mobile Home Park




Address: Lac La Biche, Alberta
Site: 157 +/- acres
Topography: Level
Pads: 58 pads (1/2 acre lots+/-)
Expansion: Yes (120 acres)
Residence: 1800 s.f. 2 Level Log Home - Fully Rennovated - $375,000 value.
Services: Treatment Plant, Well Water, Gas, Hydro, Cable TV, Garbage PU.
Age: Built in 1978.
Taxes: $11.004 – (2010)
Zoning: MHD (Mobile Home Community District)
Occupancy: 5 Vacancy
Pad Rents: $435/mo if Post Dated Checks then $385/mo
Gross Income: $287,155 (2010)
Net Income: $203,285 (2010)
Cap Rate: 7.8% excluding expansion land value - 6.8% including expansion land value
Price: $3,000,000
Financing: Buyer to arrange his own new financing

 

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