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Income Property: Multi res & Mobile Home Park, 9% Cap Rate
Trail, British Columbia - For Sale - House
Located in Trail, BC> Two buildings consisting of 12 rental units (Built in est. 1960). 13 mobile home pads, 5 RV pads. 1 Shop/Garage. Annual revenues $196k and 9% Cap rate! Great investment for a absentee owner. Description3080 Highway Drive, Trail BC - Mutli-residential & Mobile park. Great location backing onto the Columbia river. We have owned the property for seven years and are absentee owners. We try to visit the property once a year and have a onsite property manager. This model has worked successfully for us. Revenue 196,000In the past it has operated as a Motel and revenue has been high as $230k/annual. We are absentee owners and prefer longterm residential rentals. Although we do accept short term rentals on occasion. Cap rate:9%This include the following expenses: utilities, repair/maintenance, insurance, property taxes, garbage removal and property manager. It excludes one-time capital costs. Monthly rental rate: 12 unit building $800 Consists of two buildings
Jul 05, 2023 in ClasificadosEU
Located in Trail, BC> Two buildings consisting of 12 rental units (Built in est. 1960). 13 mobile home pads, 5 RV pads. 1 Shop/Garage. Annual revenues $196k and 9% Cap rate! Great investment for a absentee owner. Description3080 Highway Drive, Trail BC - Mutli-residential & Mobile park. Great location backing onto the Columbia river. We have owned the property for seven years and are absentee owners. We try to visit the property once a year and have a onsite property manager. This model has worked successfully for us. Revenue 196,000In the past it has operated as a Motel and revenue has been high as $230k/annual. We are absentee owners and prefer longterm residential rentals. Although we do accept short term rentals on occasion. Cap rate:9%This include the following expenses: utilities, repair/maintenance, insurance, property taxes, garbage removal and property manager. It excludes one-time capital costs. Monthly rental rate: 12 unit building $800 Consists of two buildings
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