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Pines Mobile Home Park


Address: 263 Hwy #3, Princeton, B.C.
Site: 10+/- acres
Topography: Level
Pads: 74 pads
Expansion: No
Residence: 1999 - 26' x 60' Dble wide 1600 s.f. modular home (value $130,000)
Services: Full city services water, sewer, cable, gas, garbage pickup, street lights
Age: 26+ years
Taxes: 2003 - $13,821
Zoning: MHP, Mobile Home Park
Vacancy: 7 as of Oct 2003 (3 in old part & 4 new part)
Pad Rents: $210 to $255
Gross Income: $176,520 (2003)
Net Income: $113,024 2003)
Cap Rate: 6.7%
Price: $1,695,000 (Asset Sale)
Financing: N/A

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