A 12-acre mobile home park in Golden, B.C. has sold for $1.75 million, RE/MAX Penticton Realty reports.
The 69-pad trailer park is sold over its asking price of $1.67 million, at $25,376 per pad. The property offers a strong rental rate upside to investors with consistent cash flow. This is the first time the property has been on the market in 30 years.
The property is located at 1400 12th St. North, Golden.
Breakdown:
Price: $1,751,000
No. of Units: 69
Price/Unit: $25,376
Lot Size: 12 acres
Property Type: Multi-family
Zoning: R6
2017 B.C. Assessment Value: $2,113,000
Date of Sale: 12/01/2017
Town: Golden
Province: B.C.
Name of Brokerage: RE/MAX Penticton Realty
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