Meadow Lake MH Park Clark Crescent & 7th Ave, Meadow Lake, SK
Property Detail
Type
Mobile Park Status
Sold Location
Saskatchewan
City/Town
Meadow Lake
Price
$1,225,000
Land Base
9.6 acres acres
Cap Rate
8.0%
Pads
53
Topography
level
Expansion
No but 10 vacant lots can still be occupied
Residence
No
Age
Built in 1975
Taxes
$3600 (2023)
Zoning
MHP (Mobile Home Park0
Vacancy
12
Pad Rents
$240/month (as of Feb 2024)
Gross Income
$115,920
Net Income
$97,710
Financing
Buyer to arrange his own new financing
Property Description
Listed with:
Wally Lorenz
RE/MAX of the Battlefords
Cell: 306-843-7898
Office: 306-446-8800
e-mail: znerol.w@sasktel.net
www.remaxbattlefords.com
Click HERE for marketing brochure
Great investment opportunity in a growing vibrant Northwest Saskatchewan community. This 53 pad mobile home park with 41 pads currently leased has a cap rate of 8.0% and the potential to realize a return of 8.5% and greater. With the filling up of the remaining vacant lots the this park will generate great cash flow. There are no Park Owned mobiles. This is an asset sale.
Click HERE for Meadow Lake city hall website:
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
