Zac’s Mobile Home Park 7th Ave and 1st Ave, East, Oyen, AB
Property Detail
Property Description
Listing Information:
Shauneen Vanderham, REALTOR®
Commercial Real Estate Associate
RE/MAX Medalta Real Estate
Cell 403.952.0639
Email: svanderham@commercial1.ca
Click HERE for full marketing brochure:
*Notes to expenses:
*Taxes: Taxes are the responsibility of the tenant, however, if for any reason the tenant doesn’t pay then the land lord is responsible to make payment to the city. Some of the tenants didn’t pay so the taxes were paid by the landlord making the expenses higher in 2023. Now the manager is collecting $50/mo. for property taxes to make certain this will not occur again.
*Repair and Maintenance: the manager has not been the best at managing repairs at the park with the current owner living in Ontario. Along with a storm that caused unusual expenses in 2022/2023. These will not be recurring.
Most commonly, park operating expenses should be in the 33%-38% of gross revenues.
Zac’s mobile home park is located in the town of Oyen Alberta located in east-central Alberta, Canada near the Saskatchewan boundary and north of Medicine Hat. It is on Highway 41, 4 km south of its junction with Highway 9.
The park: Total land base is 9.67 acres. 32 pads are fully developed and all on city water and sewer. 9 pads are currently vacant. There are 2 titles. 4.27 acres and 5.40 acres.
Rents: Rents are collected by posted dated checks, e-transfer and a few by cash
Park Owned Mobiles: The price included 5 mobiles owned by the park and rented out.
Services: entire lands and mobiles are serviced by city water and sewer
Electrical: is 60-amp service throughout the park.
Snow Removal: is contracted out.
Garbage: City picks up garbage at the park.
Expansion: Lot 7 is open and has room for 40 more mobile home parks on 5.41 acres.
Environmental Report: An environmental audit has been done in the past.
Management: Management is done by an onsite owner/tenant.
