Comer Hill Mobile Home Park


Address: 560 Soda Creek Rd., Williams Lake, BC, V2G 4M8
Site: 40 acres
Topography: Terraced
Pads: 83 pads plus 2 Cabins
Expansion: Yes
Residence: 4 Park owned mobiles PLUS 2 cabins
Services: Septic for sewer, well water, cable, gas, garbage pickup
Age: 30+ years
Taxes: $10,332 - 2008 (includes 4 park owned mobiles)
Zoning: Mobile Home Park
Occupancy: 18 Vacancies (20%)
Pad Rents: $244/mo (Average)
Gross Income: $216,010 (2008 Projection)
Net Income: $123,860 (2008 Projection)
Cap Rate: 8.3%
Price: $1,500,000
Financing: Buyer must arrange his own new financing