Mobile Home for Sale
623 King Ave E, Newcastle Ontario, ON L1B1K7
Canada
For Sale $2,999,900
Mobile Home for Sale
623 King Ave E, Newcastle Ontario, ON L1B1K7
Canada
For Sale $2,999,900
- Price: $2,999,900
- Property ID: 2195249
- Point2 ID: 553216172
- Posted On: Mar 18, 2023
- Updated On: Mar 18, 2023
Mobile Home 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, Potential For Future Development. Park Contains 19 Mobile Homes Spots (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 Business. Don't Delay Book Your Showing.\rActual Cap Rate Is 4.25%, Projected Cap Rate Is 5.3%. Financial Information Available Upon Signing Confidentiality Agreement. Mobile Homes Are Not Included In The Purchase Price, They Are Located On A Leased Land. Do Not Disturb Tenants.\rPlease Do Not Walk In The Park Without Agent Or Without An Appointment. Internet And Cable Is Available.
Brokered And Advertised By: Our Neighbourhood Realty Inc. brokerage
Listing Agent: Kev Balian