Lac La Hache (100 mile house); mobile home; 650K; 14 cap rate?????

Phased manufactured home park

4101 McKinley Drive, Lac La Hache, BC V0K1T0

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• Price:
  $650,000 CAD
• No. Spaces:
  99
• Price/Space:
  $6,565.66 CAD
• Property Type:
  Multifamily
• Property Sub-type:
  Mobile Home/ RV Community
• Property Use Type:
  Investment
• Construction Status:
  Under Construction/ Proposed
• Cap Rate:
  14.60%
• Property on Ground Lease?:
  Yes
• Lot Size:
  17.80 AC
• Find Out More...

Last Verified 11/4/2010 Listing ID 16818306

Highlights

• Good highway access
• Multiple markets for permanent, snowbird, or recreational users.
• Lake views and access

• Close to city conveniences
• Only project of it's type in the area

Description

This phased manufactured home park allows for the occupany of 99 pads. The first phase is fully serviced with hydro, natural gas and municipal sewer and water. As a phased development the services are easily and economical extended as needed The entire park is serviced with gravelled roadways - virtually ready for top coating

17.8 acres site overlooking Lac la Hache with lake access nearby. Minutes away from 100 Mile house and 45 minutes to Williams Lake the site lends itself to permanent residential, snowbird or recreation owners.

Attachments

• NAI Commercial

Financial Summary

• Actual
• Net Operating Income
  $94,900 CAD