1/221655 Alberni Hwy, Port Alberni
1655 Alberni Hwy, Port Alberni, BC V9Y8G8
$2.0M total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
85%
Lot Size
3.98 ac
About this property
Mountain View Mobile Home Park (MEP) is just 9 minutes from the city centre, east of Port Alberni BC. This is a rare opportunity to acquire a well located and maintained manufactured home community. This offering provides investors a property with immediate access to the Alberni Highway, and on a sizeable 3.89 acres of land; it also provides a healthy return, and upside on the existing rental income. The property consists of 27 pads and 1 cabin; along with a new water treatment and pump plant that was installed in 2019. Please do not disturb existing tenants. For more information or to arrange a showing and financial details please contact the listing agent. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$82K
Annual cash flow
$-29K
Cash-on-cash
-4.78%
DSCR
0.74
Going-in cap
4.11%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
91,053
Households
33,949
Median income
$78,500
Median age
45
Daytime population
83,570
5-yr growth
8.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1655 Alberni Hwy, Port Alberni.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.