2001 Highway 97 West Kelowna, BC

Listing Info

Name

Berkley Estates Mobile Home Park

Address

2001 Highway 97

Legal

Lot 26-1-1, Plan CLSR73716 & Lot 219, Plan CLSR 74279, ODYD Westbank First Nation Locatee Native Land Lease

Site Size

20.9 Acres

Sites

110

Income

$422,000

Price

$1,725,000

Description

110 Site Mobile Home Park conveniently located within minutes of major shopping centres, personal services and recreational amenities. Park is on two leases with locatee land owners from the Westbank First Nation. Short remaining lease term is reflected in double digit cap rate. Park is always full. Excellent opportunity for savvy investor to acquire a substantial cash flow, at a reasonable cost, with significant upside from ongoing rent increases, for the duration of the existing leases.