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Newton MH Park


Address: 6571 King George Hwy, Surrey, BC, V3W 4Z4
Site: 4.79 acres
Topography: Level
Pads: 34 Mobile Home Pads plus 8 RV pads
Expansion: 2 addt'l mobile home pads – 1 large suite above Service Building.
Residence: 4 Bedroom managers house & One Bdrm caretakers residence
Services: City sewer & water, cable, garbage, gas, hydro, telephone, paved streets, laundry
Age: 35+
Taxes: 2004 –($10,229)
Zoning: CTA (Tourist Commercial)
Vacancy: 5 Mobile home pads & 6 RV pads
Pad Rents: $350 to $430/mo for mobiles & @250/mo for RV pads
Gross Income: $ 170,400 (2004)
Net Income: $ 133,934 (2004)
Cap Rate: 4.5%
Price: $3,000,000
Financing: Seller may consider carrying some financing

 

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