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Cedar Crescent MH Park 5161 - 63rd Ave, Salmon Arm, B.C., V1E 4P8

Property Detail

Type Mobile Park Status Sold Location British Columbia City/Town Salmon Arm Price $1,000,000 Land Base 16 acres Cap Rate 7.1% (includes 5 acres of land for expansion) Pads 30 (6 doubles/ 24 singles) Most lots can accommodate doubles.l Topography Level to gently sloping. Has creek running through middle area Expansion 5 Acres zoned MHP. Maybe 30+ if sewer connected to city sewer. Residence 1445 s.f. 3 bedroom home for owner or manager. Age 26 years Taxes 1999 - $8,400 Zoning MH, Mobile Home Park Vacancy Fully occupied. Zero Vacancy Pad Rents $263/mo/pad. Gross Income $101,880 Net Income $71,190 (see attached for cash flow after expansion) Financing Seller may carry up to $750,000 on a first mortgage @ 7% for 5 years.

Property Description

THIS PROPERTY HAS BEEN SOLD

Property Features

City Water & Sewer
Septic
Lagoon
Treatment Plant
Natural Gas
Oil
Hydro
Propane
Cable TV
Garbage Pickup
Street Lights
Paved Streets
Gravel Streets
UG Telephone
UG Electrical
Well Water
Laundry
Fire Hydrants

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Contact Agent

Harry Jesse
hjesse@mobileparks.com
1-888-251-2822
1-604-302-3771
Harry Jesse
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Useful Links

  • Mobile Home Park Owners Association
  • MHP Tenancy Act
  • Manufactured Housing Association of BC

Contact Info

 #360 - 3033 Immel St, Abbotsford, BC, Canada V2S 6S2
 1-888-251-2822
 hjesse@mobileparks.com
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