623 King Ave E
Clarington, L1B1K7
UNAVAILABLE
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Accommodation
CATEGORY2.78 Acres
TOTAL AREAE5969279
MLSIDContact Us
Property Description
Well Established And Profitable All Season Mobile Home Park For Sale In Newcastle. Same Owner For 36 Years, Seller Wants To Retire. Park Is Located In A Prime Area Of Newcastle, 2.78 Acres, Frontage On Hwy 2. Park Contains 19 Mobile Homes Parcels (Fully Leased), Detached Home With 3 Apartments (Fully Rented), Free Standing Office Building With 1 Car Garage ( Potential For Rental) All Long Term Tenants. This Is Worry Free, Guaranteed Monthly Cash Flow Investment. Don't Delay Book Your Showing.
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Extras
Actual Cap Rate Is 5.2% , Projected Cap Rate Is 6.1%. Financial Information Available . Mobile Homes Are Not Included In The Purchase Price, They Are Located On A Leased Land. Do Not Disturb Tenants.
Property Details
Category
Accommodation
Usage
Other
Zoning
Rm-1
Total Area
2.78 Acres
Office/Apartment Area
650 Sq Ft
Taxes
$10,367 (2023)
Parking Spaces
25
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Listing contracted with Our Neighbourhood Realty Inc., Brokerage
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