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1594 Lakeshore Dr 58 Unit Mobile Home Park $2,313,158 USD ($39,882 USD/Unit) 12.50% Cap Rate Shuniah, ON P7A 0S9

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EXECUTIVE SUMMARY

MOBILE PARK-Triple "A" investment opportunity to purchase a Mobile Home Park with motel building(Highway Commercial) on 20 acres, 5 mins from Lake Superior. Generating excellent cash flows of almost $400,000 in gross income. Very well maintained family owned and operated since 1997. Updates & renovations have occurred within the last 24 months with a very substantial increase in rental income over last 4 years. Zoned both Mobile Home Residential and Highway Commercial with an existing Motel Building. Adjacent amenities include walking trails. Amethyst Harbor and Wild Goose Beach and proximity to the vibrant City of Thunder Bay. ZONED NHR/CH Mobile Home Res/Hwy Commercial

PROPERTY FACTS

Price $2,313,158 USD
Price Per Unit $39,882 USD
Sale Type Investment
Cap Rate 12.50%
No. Units 58
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Single-Family Home
Building Class C
Lot Size 19.32 AC
Building Size 3,181 SF
No. Stories 1
Year Built 1950
Zoning NHR, CH - Mobile Home Residential, Commercial Highway

AMENITIES

SITE AMENITIES

  • Smoke Free
  • Storage Space
  • Listing ID: 29023548

  • Date on Market: 7/17/2023

  • Last Updated:

  • Address: 1594 Lakeshore Dr, Shuniah, ON P7A 0S9

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