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Croation Mobile Home Park 1630 Croation Rd, Campbell River, BC, V9W 3T5

Property Detail

Type Mobile Park Status Active Location British Columbia City/Town Campbell River Price $2,200,000 Land Base 2.8 acres Cap Rate 5.0% Pads 15 Pads, 5 RV’s, 1 Small house and 2 Storage sheds Topography Level Expansion No Residence Small house - rented Age 30+ years Taxes $17,026 (2019) - includes water & sewer fees Zoning MHP Vacancy Zero Pad Rents $523/month on average Gross Income $148,860 (2020) Net Income $110,050 (2020) Financing Buyer to arrange his own new financing

Property Description

The Croation Mobile Home Park in located in Campbell River about 3.0 km south of town center or 155 km north of Nanaimo, BC about 1 ½ driving time. It has 15 mobile home pads, 5 permanent RV sites, a small house and 2 storage sheds. All are rented year-round. Streets are paved and park has full city services of water, sewer and all utilities.

Current owners have owned this park for 14 years and has never been on the market during that time.

Rents are collected mostly by direct deposit, some posted dated checks and e-transfer.

Water & Sewer: included in property taxes

Electrical: MH Pads(100 amp) RV pads(50 amp-all new)

Management: is currently done by the owners who live in area and any new owners would need to secure their own new management.

Area Development: Vancouver Island has seen tremendous growth in 2018 and 2019. Campbell River seems to have been discovered by investors who are looking to cash in on this newfound real estate boom.

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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