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Panorama MH Park


Address: 803 Hodgson Road, Williams Lake, BC, V2G 3R2
Site: 16.17 Acres +/-
Topography: Terraced
Pads: 71 pads
Expansion: Yes
Residence: Yes, 12'x56' fully renovated mobile home with porch.
Services: Sewage: Septics. Well water, Gas, Garbage, Electric, Cable TV
Age: 30+ yrs
Taxes: $6,915 (2009)
Zoning: MH1 (Mobile Home Park)
Vacancy 3 Vacancies
Pad Rents: $256/mo - New rents of $275/mo effective Nov. 1, 2010
Gross Income: $204,460 - 2010
Net Income: $117,605 - 2010
Cap Rate: 7.8% Current - 9.4% after rent increases
Price: $1,500,000
Financing: Buyer to arrange new financing.

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