Property Description

RARE INVESTMENT OPPORTUNITY — TWO MOBILE HOME PARKS + APPROX. 190+ ACRES FOR $1,100,000! Acquire two established income-producing mobile home parks, approximately 190+ acres of land, 18 mobile home pads and a 4-bedroom residence — all offered together as one unique portfolio. representing an implied 9.02% cap rate. Located along Highway 17 E in Wahnapitae and Markstay-Warren, both properties feature established infrastructure, existing tenants and significant surplus land beyond the developed park areas. 1035 Hwy 17 E offers approximately 100 acres with 9 mobile home pads, municipal water, individual septic systems, internal roadways, an onsite office and additional commercial/laydown space. 5261 Hwy 17 E offers approximately 100 acres with 9 mobile home pads plus a 4-bedroom detached home, providing additional rental income or the opportunity for onsite owner/manager accommodation. The property also includes a large barn, corral, expansive green space and frontage/backing toward the Veuve River. With approximately 190+ acres of surplus land across both properties, this portfolio offers substantial underlying land value and long-term flexibility, subject to applicable municipal approvals and regulations. Both parks are established and maintained, providing an attractive combination of current income and significant land holdings. Offered exclusively as a combined package. A rare opportunity to acquire income-producing real estate, established mobile home parks, substantial acreage and existing infrastructure in one transaction. Financial information available to qualified buyers. (id:7434)