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Realestate, Rental & Leasing

Mobile Home Park, Campbell River, Vancouver Island, Canada

Campbell River, BC, CAN
Updated 176 days ago

ARE YOU LEAVING THE UNITED STATES? Are you looking for a secure and self directed investment? Are you looking for an opportunity that pays you 24/7/365 days per year? Does living "in and/or on" your investment sound like an advantage? Does "writing off" taxes, phone, office, fuel, vehicles, materials, and labour appeal to you? Are you near retirement, but want to keep active? Are you fed up with paying exorbitant "MER" fees on your money that really don't produce any substantial growth or income? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Croation Mobile Home Park is YOUR opportunity to direct your own destiny... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ This property is 3 kms south of Campbell River’s city centre. The property is improved with 1 residence, 15 mobile home pads and 5 RV sites, and 2 rented storage sheds for a total of 23 rental units. The property is well maintained and is 100% leased. Campbell River's accelerated growth has made this area a prime investment. ** Complete and detailed INCOME & EXPENSE summary will be made available to you after you tour of the site.

Location

Campbell River, BC, Canada

Employees

0

Home Based

This business can be run from home.

Real Estate

Real Property Included

Management Type

This business is owner operated.

Owner Financing

Owner financing is available. Please contact the seller for more information.

Planning Consent

SAYWARD DISTRICT, PLAN 16975, VIP 16975

Premises Details

The subject property is 3 kms south of Campbell River’s city centre. The property is improved with 1 residence, 15 mobile home pads and 5 RV sites, and 2 storage sheds for a total of 23 rental units. The property is well maintained and is 100% leased. Several of the pad rentals are rented under a temporary use permit, it is further understood that a more permanent arrangement is being contemplated by the municipality and the owner. The subject property is a well-positioned property in an evolving neighborhood in Campbell River. The property benefits from full occupancy with municipal sewer and water connections. The short and medium-term outlook for the property is the continuation of the existing use while the long-term outlook favors; * expansion, * redeveloping sites with new homes, * installation of modular homes * rezoning to "comprehensive development"

Years Established

Unknown

Support & Training

Up to 3 months of support and training will be offered

Expansion Potential

We are currently engaged with a consulting firm and the city to expand the park to include a greater number of RV units for permanent occupancy.

Size In Square Feet

2.8 acres according to BCA

Living Accommodation

Possible owners/managers house is available

Reason for Selling

Owners retiring

Financials

Asking Price
$4.1M
RevenueMost Recent Year
$170K
Earnings (SDE)Last Reported
$175K
Assets Value
Undisclosed
Seller Financing
Subject to Negotiation

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