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Royal Oak Estates MH Park


Address: 31 Victoria St, W., Cookstown, Ontario (33 Royal Oak Drive)
Site: 14.95 acres
Topography: Level
Pads: 87 mobile pads PLUS Recreation Hall
Expansion: No
Residence: None
Services: City services of sewer & water, cable, gas, electric, garbage, paved roads
Age: Built 1970's and some in 1980's and 1990's.
Taxes: Built 1970's and some in 1980's and 1990's.
Zoning: (RMP) Mobile Home Park
Vacancies 0
Pad Rents: $560/mo (average and includes tenant property taxes)
Gross Income: $576,258 - (2010)
Net Income: $423,369 - (2010)
Cap Rate: 7.6%
Price: $5.600,000
Financing: Seller may consider carrying secondary financing

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