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Mobile Home Park

Valley View Mobile Home Park

446 Lumby-Mabel Lake Rd, Lumby, BC V0E 2G5

Listing Price: $5,000,000

Cap Rate
5.21%
Number of Spaces
83
Lot Size
33.48 acres
Occupancy
100.0%
Price/Space
$60,241
Spaces/Acre
2.48
Year Built
1972

Investment Overview

A well maintained 83 pad mobile home park, with sufficient scale and a strong going in cap rate, located in a growing Okanagan market.

Investment Highlights

  • Well situated in a growing Okanagan market, the property is conveniently located with its close proximity to Vernon and an hour drive from Kelowna International Airport.
  • The property offers little required future capital expenditures with close to $500,000 spent within the last two years to replace two new septic fields.
  • The park has a strong going in cap rate, with room for improvement upon turnover. Current pad rentals average $356 per month, with new pads renting at $550 per month upon turnover.
  • The park is built on a sprawling 33.4 acres of land, with room to add additional pads to increase potential income.
  • Sufficient scale allows the potential purchaser to have a "hands off" approach with a caretaker currently in place.

Exclusively Listed By

Mobile Home Park

Valley View Mobile Home Park

Listing Price: $5,000,000

Cap Rate
5.21%
Number of Spaces
83
Lot Size
33.48 acres
Occupancy
100.0%
Price/Space
$60,241
Spaces/Acre
2.48
Year Built
1972

Investment Highlights

  • Well situated in a growing Okanagan market, the property is conveniently located with its close proximity to Vernon and an hour drive from Kelowna International Airport.
  • The property offers little required future capital expenditures with close to $500,000 spent within the last two years to replace two new septic fields.
  • The park has a strong going in cap rate, with room for improvement upon turnover. Current pad rentals average $356 per month, with new pads renting at $550 per month upon turnover.
  • The park is built on a sprawling 33.4 acres of land, with room to add additional pads to increase potential income.
  • Sufficient scale allows the potential purchaser to have a "hands off" approach with a caretaker currently in place.

Investment Overview

A well maintained 83 pad mobile home park, with sufficient scale and a strong going in cap rate, located in a growing Okanagan market.

Exclusively Listed By

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