446 Lumby Mabel Lake Rd - Manufactured Housing/Mobile Housing FOR SALE


Lumby, BC V0E 2G5
$4,999,000 CAD
604-638-2121

NO PHOTO

$4,999,000 CAD
Manufactured Housing/Mobile Housing - FOR SALE
null | 5.21% Cap Rate

446 Lumby Mabel Lake Rd
Lumby, BC V0E 2G5


HIGHLIGHTS

  • Offers little required future capital expenditures with close to $500,000 spent within the last two years to replace two new septic fields.
  • The park is built on a sprawling 33.4 acres of land, with room to add additional pads to increase potential income.
  • Sufficient scale allows the potential purchaser to have a "hands off" approach with a caretaker currently in place.

OVERVIEW

A well maintained 83 pad mobile home park, with sufficient scale and a strong going in cap rate, located in a growing Okanagan market. Well situated in a growing Okanagan market, the property is conveniently located with its close proximity to Vernon and an hour drive from Kelowna International Airport. The park has a strong going in cap rate, with room for improvement upon turnover. Current pad rentals average $356 per month, with new pads renting at $550 per month upon turnover.

FOR SALE DETAILS

PRICE

$4,999,000 CAD

PRICE/SF

$4,166 CAD /SF

# OF UNITS

83

PRICE/UNIT

$60,229

CAP RATE

5.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley View Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

33.48 AC

LAND SF

1,458,389 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam HermanMarcus & MillichapMore Info
604-638-2121

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

Adam HermanMarcus & MillichapMore Info
604-638-2121

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