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The Cedars MH Park


Address: 63071 Flood Hope Rd, Hope, BC, V0X 1L2
Site: 4.93 acres
Topography: Level
Pads: 30 Pads plus 2 houses
Expansion: Maybe 1 pad
Residence: 3 bdrm house(1050 s.f.) and 1 bdrm house.
Services: Septic (2-12,000 gal tanks), well, gas, telephone, paved streets, street lights
Age: 40+ Years
Taxes: $4,809 – (2004)
Zoning: MH-1 Mobile Home Park
Vacancy 12 Vacancies
Pad Rents: $270/mo
Gross Income: $73,320 (Projected for 2005)
Net Income: $57,971 (Projected for 2005)
Cap Rate: 7.5%
Price: $775,000
Financing: Seller will carry or consider revenue property as trade.

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