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$2,200,000
Lantzville
7134 Blackjack Drive, Lantzville, British Columbia, V0R2H0
This multi-family property in Lantzville is for sale. It has been on the market 45 days, fresher than the Lantzville average of 127 days.
A RARE MOBILE HOME PARK INVESTMENT ON VANCOUVER ISLAND! White Pine Estates presents an exceptional opportunity to acquire an established, family-held mobile home park on 8.11 acres in Lantzville, immediately north of Nanaimo and only minutes from the major shopping and services of the Woodgrove area. Already zoned MHP – Mobile Home Park, this is not simply a land holding—it is an operating income-producing property with considerable acreage and potential for future growth. The park currently comprises 12 pads/tenant-owned units, including double-wide and single-wide manufactured homes, a park model and recreational trailers. The property has maintained 100% occupancy for several years, with very low tenant turnover—an important reflection of both housing demand and the strength of this convenient location. Existing infrastructure includes a private water system with well , electrical services to all 12 pads, on-site septic systems and internal gravel roads. For the commercial investor, the real attraction is the combination of existing revenue, 8.11 acres of land, established MHP zoning and potential room to expand the number of pads, subject to applicable approvals. The property's location provides excellent access to Nanaimo, Lantzville, Highway 19 and the Woodgrove commercial district. Mobile home parks of this size and location are rarely available. Acquire the existing income stream today while exploring the longer-term potential of this substantial MHP-zoned property. (id:66096)
Extended: 45 days on market, against an average age of 127 days across the listings currently for sale in this city
This multi-family in Lantzville has been listed for 45 days, which is 82 days fresher than the city average of 127. Act while there is still low competition.
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Loading rates, 30-yr amortization
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