1594 Lakeshore Dr - Manufactured Housing/Mobile Housing FOR SALE


Shuniah, ON P7A 0S9
$3,200,000 CAD
519-649-6000
1594 Lakeshore Dr, Shuniah, ON for Sale
$3,200,000 CAD
Manufactured Housing/Mobile Housing - FOR SALE
1/11
null | 12.5% Cap Rate

1594 Lakeshore Dr
Shuniah, ON P7A 0S9


OVERVIEW

MOBILE PARK-Triple "A" investment opportunity to purchase a Mobile Home Park with motel building(Highway Commercial) on 20 acres, 5 mins from Lake Superior. Generating excellent cash flows of almost $400,000 in gross income. Very well maintained family owned and operated since 1997. Updates & renovations have occurred within the last 24 months with a very substantial increase in rental income over last 4 years. Zoned both Mobile Home Residential and Highway Commercial with an existing Motel Building. Adjacent amenities include walking trails. Amethyst Harbor and Wild Goose Beach and proximity to the vibrant City of Thunder Bay. ZONED NHR/CH Mobile Home Res/Hwy Commercial

FOR SALE DETAILS

PRICE

$3,200,000 CAD

PRICE/SF

$1,006 CAD /SF

# OF UNITS

58

PRICE/UNIT

$55,172

CAP RATE

12.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.32 AC

LAND SF

841,609 SF

ZONING

NHR, CH

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Eavan TraversRE/MAX Advantage Realty LTD BrokerageMore Info
519-649-6000

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Eavan TraversRE/MAX Advantage Realty LTD BrokerageMore Info
519-649-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.