Merritt Manufactured Home Park (SOLD)


Great in town Merritt location.11 pad seniors 55+ mobile home park. City services. Easily managed from a distance. No onsite manager required.

Call Bill Summers for more information. Download printable colour brochure

Asking Price: $699,000 Cap rate at ask: 5.6%

  • Legal: PID: 102-121-223 PL KAP717; Lot 1; BLK; 38; LD 25; Except PL 8803
  • Lot Size: .826 acres
  • Pads: 11 in total. All owner-occupied. No vacancies now or in the past. 55 + seniors designated.
  • Actual Use: MHP
  • Approximate age of park: 1960’s
  • Services: City water and sewer (Water lines upgrade 2012. Sewer lines all new 2000 and lines flushed 2012. City garbage collection. Billed quarterly.
  • Electrical: Overhead electrical upgraded in 2013 to BC Safely Authority
  • Natural gas: Yes
  • Street Lights: Yes
  • Paved: Yes
  • Property Tax: $4,706 for 2017
  • Snow Removal: Most years it is not required at all.
  • Management: Easily managed from a distance by park owner. Virtually maintenance free.
  • Gross Revenue as of July 2018: $4,520 Mo. Average of $411 mo. per pad
  • 2018 yearly gross $54,240
  • Expenses: 2018
    • Property Tax: $4,706
    • Utilities: $8,050 Water/Sewer Garbage $2,012 quarterly
    • Insurance: $1,207
    • Hydro: $137 for street lights
    • Licenses/memberships $528 Business/MHPOA/Electrical permits
    • Repairs Maintenance $320
    • Total: $14,948 27.5% expense ratio
    • Net Income: $39,292