Alberta Mobile Home Park 6,500,000.00
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Excellent opportunity for a retired couple looking for a retirement lifestyle or for an investor looking for a long term consistent investment.
Well established Alberta Mobile Home Park is situated on 12.9 acres and consists of 81 pads.
There are 17 homes in the park that are rent to own generating an additional $5,000 per month in cash flow. All units have undergone renovations averaging $20,000 per home. Total loans currently outstanding under rent to own arrangements payable to Park owners are $400,000. Manager's Unit is available. Cap Rate approx. 6.25
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|Posted||August 18, 2017|
|Expiry||September 17, 2017|
|Details||New, Commercial Seller|