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.
Valley View Mobile Home Park
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
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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