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Silver Ridge Estates MH Park


Address: 62790 Flood Hope Rd, Hope, BC, V0X 1L0
Site: 10 acres
Topography: Level
Pads: 44 Pads (30 single wide) (14 double wide)
Expansion: No
Residence: Clubhouse with 2 Bedroom caretakers residence
Services: Septic, well water, cable, garbage, natural gas, telephone, paved streets, fire protection
Age: 8 Years
Taxes: 2002 –($12,721)
Zoning: CHP (Campground Holiday Park)
Vacancy 3 Vacancies
Pad Rents: $299 singles & 326 doubles
Gross Income: $ 151,104 (March 2003)
Net Income: $ 98,017 (March 2003)
Cap Rate: 7.0%
Price: $1,500,000 (Share sale)
Financing: $380,000 assumable @ 8.0 W.Q.

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