Wow, real estate at 14 times gross income, with very low expenses! Rental of 7 mobile home lots: $27,903 per year Lower maintenance costs, unlike traditional rental buildings, mobile home parks generally require less maintenance. Tenants are responsible for the upkeep of their own homes. The investor only needs to handle common services, such as septic tank pumping or road maintenance. Therefore, there are no expenses related to window replacements, balconies, roofs, or repairing damaged units. High profitability since all mobile homes are owned by the tenants, they do not risk losing their homes. This ensures that rents are always paid without loss. In case of unpaid rent, the amounts are usually settled during the sale of the mobile home. Insurance premium: only $394 per year. Connected to the city water supply Please note that the negotiation margin is low. (id:4069)
Address
12170 COUNTY 3 ROAD
List Price
$379,900
Property Type
Business
Transaction Type
Sale
Area
Ontario
Sub-Area
North Dundas
Floor Area
1 Sq. Ft.
Lot Size
1.32 Sq. Ft.
MLS® Number
X12586874
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Postal Code
K0C2K0
Zoning
R1-1
