Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 8.1%
- Listing ID: 473083
- Posted On: Sep 30, 2014
- Updated On: Dec 23, 2014
Description
Year round mobile home park in the Town of Espanola. Park is close to hospital and amenities. Approximately 45 minute drive to Sudbury, Ontario. Park sewer discharges to municipal system. Newly upgraded water treatment system on well water. Some land available for expansion.Commercial space presently a " Make Your Own Wine Store"
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 59 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $285 |
| Size: | 16 acre(s) |
Financial Information
| Gross Income: | $251 |
| Operating Expense: | $121 |
| Net Operating Income: | $130 |
| Expense Ratio: | 48.2 % |
| Debt Info: | $275,000.00 First Mortgage |
Lot Information
| Singlewide Lots: | 15 |
| Doublewide Lots: | 34 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |