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Cliffview Mobile Home Park


Address: 67 Mabel Lake Rd, Enderby, BC, V0E 1V0
Site: 9.44 Acres +/-
Topography: Level
Pads: 25 pads (11 complete & 14 newly serviced)
Expansion: Yes (3 ½ acres or 25 pads ready for development - total of 50 pads)
Residence: No
Services: Well, Sewer-treatment plants, Hydro, Cable, Gas, Electric & Garbage
Age: 10 lots built - 2002 and 14 lots in 2007.
Taxes: n/a (Native Indian Land)
Zoning: n/a (Native Indian Land)
Occupancy: 11 - Expect to have 25 full by Fall of 2008
Pad Rents: $300/mo (2007) - Last increase in 2006
Gross Income: $58,740 (2007) Current --- $195,240 by end of (2010)
Net Income: $41,603 (2007) Current --- $154,554 by end of (2010)
Cap Rate: 3.5% (2006) Current --- 12.9% by end of (2010)
Price: $1,200,000 (49 yr lease)
Financing: Seller may carry 1'st or 2'nd.

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