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Cherryville Estates MH Park


Address: 59 North Fork Rd Cherryville BC V0E 2G3with
Site: 22.63 acres+/-
Topography: 2 Levels (Hwy Level & Lower Cherry Creek Lever)
Pads: 25 pads
Expansion: Approximately 12 undeveloped acres
Residence: 1 Mobile Home may be available
Services: Septic, shallow well, telephone, hydro, propane, gravel roads, garbage pickup. New water treatment plant. Elementary school & store just minutes away.
Age: Built in 1976
Taxes: $2,180 - (2009)
Zoning: MHP-1 (Mobile Home Park)
Vacancy One Vacancy
Pad Rents: $250 to 258/mo/pad - Effective August 1, 2010
Gross Income: $72,288 - (Effective August 2010)
Net Income: $54,821 - (Effective August 2010)
Cap Rate: 7.3% - Current Income
Price: $750,000
Financing: Buyer to arrange new financing.

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