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For Sale

Valley View Mobile Home Park

  • $5,300,000

Salient Details

  • Lot Size 33.48 Acres
  • Year Built 1972
  • Net Income $322,412
  • Cap Rate 6.08%

Valley View Mobile Home Park

A well maintained 83 pad mobile home park, with sufficient scale and a strong going in cap rate, located in a growing Okanagan market.
446 Lumby Mabel Lake Road - Brochure
Download the Brochure
McEvay Blair Multifamily Group - Valley View Mobile Home Park - 30 DJI 20231123104212 0034 D HDR

Investment Highlights

Growing Market
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.
Capital Expenditures
The property offers little required future capital expenditures with significant capital upgrades on the septic system within the last few years.
Strong Cap Rate
The park has a strong going in cap rate, with room for improvement upon turnover. Current pad rentals average $431 per month, with new pads renting at $566 per month upon turnover.
Opportunity for Additional Income
The park is built on a sprawling 33.4 acres of land, with room to add additional pads to increase potential income.
Turnkey Operation
Sufficient scale allows the potential purchaser to have a “hands off” approach with a caretaker currently in place.

Gallery

Contact us

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick