Excellent opportunity to acquire a cash flowing Mobile Home Park with potential for increased income by rehabbing one commercial building and two vacant Single Family Homes. 19 Single Wide Trailers; 3 Stick Built Single Family homes (2 need total rehab); 4 Double Wide Trailers; 1 Commercial building (1-3 spaces) in need of total rehab; 1 vacant commercial lot (adjoins commercial building); 1 vacant trailer PAD Present gross income is: $148,740 (actual on occupied units only) Net Operating Income is: $105,408 approximate cap rate of 12.4 Live on site manager. Eight adjoining parcels that total 6.85 Acres mixed residential and commercial zoning. Huge road frontage on Cumberland Road and includes corner of Carbine and Cumberland rd. Units are on Cumberland, Carbine, Caramel and Lady Slipper PINs: 0416-90-8493, 0416-90-9485, 0416-00-0760, 0416-90-9913, 0416-91-9008, 0416-00-1559, 0416-01-1135 and 0416-90-9823
|Listing Type||For Sale|
Courtesy of Steve Hogan, Grant-Murray Real Estate Llc.