623 KING AVE E , Clarington

Bed / $2,999,900 / MLS® Listing #:E5969279

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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.**** EXTRAS **** Actual Cap Rate Is 4.25% , Projected Cap Rate Is 5.8%. 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. (id:10452)

Property Details

Property Type Business
Square Feet
Maintenance N/A
Days On Our Website 8
Lot Dimensions 2.78 Acre ; Irregular Lot
Pool N/A
Area Clarington
Air Conditioning N/A
Parking Spaces 25
Sewers Septic System
Water Municipal water


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