Sagewood MH Park Highway 3A, Keremeos, B.C., V0X 1N0

Type Mobile Park Status Sold Location British Columbia City/Town Keremeos Price $1,250,000 Land Base 28.9 acres Cap Rate 7.1% (includes owners home, shop & expansion property) Pads 40 pads - no park owned mobiles (Seniors 55+) Topography Sloping with some steep mountain area Expansion Yes Residence Newer 1900 s.f. residence with 36' x 36' heated shop Age 17+ years(estimate) Taxes 2004 - $10,260 Zoning Regional District Unzoned not ALR. Allows use as Mobile Home Park Vacancy 4 Vacancies #11, #13, #16, #19 (one year 100% occupancy guarantee) Pad Rents $229 to $240 Gross Income $117,132 - 2003 Net Income $89,247 – 2003 (with one year rent guarantee) Financing $530,000 assumable W.Q. Valley First Credit