| Address: | Highway 3A, Keremeos, B.C., V0X 1N0 |
| Site: | 28.9 acres |
| Topography: | Sloping with some steep mountain area |
| Pads: | 40 pads - no park owned mobiles (Seniors 55+) |
| Expansion: | Yes |
| Residence: | Newer 1900 s.f. residence with 36' x 36' heated shop |
| Services: | Septic, well water, natural gas, telephone, paved streets, fire protection |
| Age: | 17+ years(estimate) |
| Taxes: | 2004 - $10,260 |
| Zoning: | Regional District Unzoned not ALR. Allows use as Mobile Home Park |
| Occupancy: | 4 Vacancies #11, #13, #16, #19 (one year 100% occupancy guarantee) |
| Pad Rents: | $229 to $240 |
| Gross Income: | $117,132 - 2003 |
| Net Income: | $89,247 – 2003 (with one year rent guarantee) |
| Cap Rate: | 7.1% (includes owners home, shop & expansion property) |
| Price: | $1,250,000 (includes equipment) |
| Financing: | $530,000 assumable W.Q. Valley First Credit Union Penticton Pmt = $4,333/mo @ 5% Amortization = 17yrs |
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© 2002 www.mobileparks.com
hjesse@mobileparks.com