| Address: | 5161 - 63rd Ave, Salmon Arm, B.C., V1E 4P8 |
| Site: | 16+/- Acres |
| Topography: | Level to gently sloping. Has creek running through middle area |
| Pads: | 30 (6 doubles/ 24 singles) Most lots can accommodate doubles.l |
| Expansion: | 5 Acres zoned MHP. Maybe 30+ if sewer connected to city sewer. |
| Residence: | 1445 s.f. 3 bedroom home for owner or manager. |
| Services: | City water. On Septic but can be hooked up to city sewer available at the street. Heating is natural gas. Streets are crushed gravel. Cable TV. |
| Age: | 26 years |
| Taxes: | 1999 - $8,400 |
| Zoning: | MH, Mobile Home Park |
| Occupancy: | Fully occupied. Zero Vacancy |
| Pad Rents: | $263/mo/pad. |
| Gross Income: | $101,880 |
| Net Income: | $71,190 (see attached for cash flow after expansion) |
| Cap Rate: | 7.1% (includes 5 acres of land for expansion) |
| Price: | $1,000,000 (Asset Sale) |
| Financing: | Seller may carry up to $750,000 on a first mortgage @ 7% for 5 years. |
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