Northstar Mobile Home Park 3546 Fortune Fronting Road, Louis Creek, BC

Property Detail

Status , Location City/Town Price $650,000 or ($450,000 excluding 2013 Mobile Home) Land Base 6.36 acres acres Cap Rate 5.8% on the Park Only (excluding 2013 Mobile) Pads 13 Pads plus 1 partly serviced available Topography Sloping Expansion None Residence 2013 Moduline Mobile (16’x 66’) Value: $200,000+/- Age 30 years + Taxes $1,179 (2022) Zoning (MHP) Mobile Home Park Vacancy One (1) Pad Rents $271 – $350 /month Gross Income $34,047 (2022) Net Income $26,123 (2022) Financing Buyer to arrange his own new financing

Property Description

The Northstar Mobile Home Park is located at 3546 Fortune Fronting Road, Louis Creek, BC and 40 minutes north of Kamloops.  The park sits on 6.36 acres and consists of 13 pads. Twelve (12) tenant occupied mobile home pads plus one pad (#12) for the park owned mobile home is fully connected. This 2013 (16’x 66’) Moduline mobile is included in the listing price but can be sold separately. Can also be purchased without the 2013 Mobile Home included at a price of $450,000.

Rents: Rents are collected by posted dated checks, e-transfer and a few by cash.

The well & water: 6” casing and 60’ deep. Water is tested every 2 weeks without any issues.

Septic tanks. Ten (10) septic tanks to service all the pads.

Electrical: 100 amp service throughout.

Propane: each mobile has its own propane tank.

Garbage: Tenants remove their own garbage which is only a 2-minute drive away.

Snow Removal: Snow removal and sanding are contracted out.

Management: Currently done by owners. The park owned mobile could be a good incentive for a manager’s residence.

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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