Rare and highly exciting investment opportunity in popular West Kelowna! Situated on a beautiful and serene 6.25 acres in one of the hottest developing areas in British Columbia, Green Bay Mobile Home Park offers waterfront living and currently consists of 39 mobile home pads with potential for 10 more. 38 existing homes (36 tenanted and 2 under renovation). Current gross income of approximately $245,000 with NOI of approximately $185,000. Lots of income upside to add up to 12 more rental units to the existing rent roll. Connected to city sewer and water. Bonus: Huge Redevelopment potential to subdivide into 30+ single family residential lots with excellent holding income in the meantime. Inquire for more information.
Owner's Expected Price
1375 Green Bay Road, Kelowna