Granby MHP is a 14 pad park with huge value add potential. Rents are way under market rents at $175 per pad. Market rents are $250 per pad and higher in the immediate area. This increase will add an additional $5,400 per year to the bottom line. There is one vacant spaces that can be filled with a home and immediately rented to the Economic Improvement Council (EIC) (100% of rent for these POHs are paid by the EIC) in which all of the 6 POHs are currently rented to for an average of $750 per month. Adding the one new home will increase income by at least $9,000 per year.
This is a great investment opportunity for new ownership with the incredible value add components that this property has to offer.