Northern Lights MH Park


Address: Langenburg Saskatchewan
Site: 14.01 acres
Topography: Level
Pads: 60 Pads (26 pads fully serviced & ready to move mobiles into place)
Expansion: 34 sites have gas & hydro but still need sewer & water.
Residence: Yes, one double wide mobile valued at $125,000
Services: City sewer & water, hydro, garbage, natural gas, UG telephone, gravel streets
Age: Built in 2004
Taxes: $1,350 (2008)
Zoning: RM-1, Mobile Home Park
Vacancy: 3 occupied pads (recently 3 homes sold with more to come)
Pad Rents: $185/mo
Gross Income: $6,660
Net Income: $0
Cap Rate: 0.0%
Price: $525,000
Financing: Buyer to arrange his own new financing