Your own mobile home park, located in a quiet area in Cedar. Situated on a .86 of an acre property connected to Cedar water. Each mobile has its own separate fenced yard and storage shed, as well as separate yard space for landlord storage. Zoning is currently non- conforming, AG 1 zoning, mobile homes have been updated and maintained throughout the years and are all currently rented, monthly income is $3725 with a gross revenue of $44,700. Property currently shows a cap rate of 7.5 %.
Listing courtesy of RE/MAX Of Nanaimo.
Listing content Copyright 2017 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.