Evergreen Acres Mobile Home Park Route 170, Oak Bay, New Brunswick, E3L 4B8

Property Detail

Type Location Price $1,675,000 Land Base 16+/- acres Cap Rate 8.2% Pads 65 Topography Level Expansion Yes Residence One Mobile Home as office-rented Age 30+ years Taxes $6,322 (2017) Zoning RES – Residential Vacancy 5 as of March 2018 Pad Rents 225/month Gross Income $166,500 (2018) Net Income $136,918 (2018) Financing Buyer to arrange his own new financing

Property Description

The Evergreen Acres Mobile Home Park is located in Oak Bay, New Brunswick, only 1hour and 35 minutes south of the capital, Fredericton, NB and 1 hour west of Saint John, N.B and about 2.5 hours SW of Moncton. These are the 3 largest cities in New Brunswick. The subject site has good access to the main highway or Route 170 with convenient connections to the town of Saint Stephen only 4.5 Km SW which is also a Canada-US border crossing into Maine, USA.

The mobile home park sits on 16 acres and has 65 serviced sites of with only 5 vacancies. All the mobiles are owned by the tenants except for 1 (mini-home) owned by the park which is rented and included in this offering. This home is 13’ x 30’.

Current rents are $225/month with new increase in effect January 2018. This is typically low rent for the area. No rent increases in previous 3 years.  New Brunswick has no rent controls however a 6-month notice is required.  Current owner will lease back one vacant lot near the entrance on a yearly lease at park pad rental rates. This is to operate a mobile home sales office and would be of benefit to the owner to help populate the current vacant sites.

Property Features

City Water & Sewer
Septic
Lagoon
Treatment Plant
Natural Gas
Oil
Hydro
Propane
Cable TV
Garbage Pickup
Street Lights
Paved Streets
Gravel Streets
UG Telephone
UG Electrical
Well Water
Laundry
Fire Hydrants

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