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 legal 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.