Twin Firs Mobile Home Park 844 Highway 97, Spallmucheen, V0E 1B0

Type Mobile Park Status Sold Location British Columbia City/Town Spallmucheen Price $2,975,000 Land Base 54 acres Cap Rate 7.0% (on existing 47 pad park only) 3.8% (on entire 150 pad rezoned park) Pads 47 pads on approx. 14 acres (mostly single wides) Topography Sloping with hillside areas Expansion 103 new pads, rezoned and approved Residence None but manager on-site in own mobile Age 28+ years Taxes $14,000 (2005) Zoning MHP (Mobile Home Park) Vacancy 0 Vacancy Pad Rents $295/mo/pad on average Gross Income $160,740 (Current) $605,160 (After Expansion) Net Income $112,745 (Current) $480,960 (After Expansion) Financing Buyer must arrange new financing.