Multi-Residential & Mobile Park, Trail
Two buildings consisting of 12 rental units (Built in est. 1960). 13 mobile home pads, 5 RV pads. Annual revenues $190k and 10% Cap rate! Great investment for a absentee owner.
| Description | 3080 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 | 196,000 | In 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: | 10% | This include the following expenses: utilities, repair/maintenance, insuranace, property taxes, garbage removal and property manager. It exludes one-time captial costs. |
| Monthly rental rate: 12 unit building | $800 | Consists of two buildings built in 1960 Est. Approx. 6000 sq ft. – 10 units are 1 bedroom w/kitchens, 1 unit is awithout a kitchen and has double beds. 1 unti is a 3 bed two story. |
| Monthly rental rate: Mobile Home pads | $400 | We provide city water and sewer only. |
| Monthly Rental rate: RV pads | $600 | We provide water, sewer and electiricty (30amp.) |
| Low Vacancy rates | Typically we have expereinced 1 building room, 1 RV pad, 0 mobile pad vacant on a annual basis. Trail has a good economic outlook and typically it is not diffcult to find tenants. | |
| Annual Property taxes | 7530 | We are looking for a corporate sale. |
