1909 Erickson Road, Creston
1909 Erickson Road, Creston, BC V0B1M0
$1.8M total
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Asset Class
Specialty
Size
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Building class
A
Zoning
US — Urban Services
$ / SF
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Occupancy
91%
Year Built
1985
Lot Size
12 ac
About this property
Well run and maintained 33 pad seniors Manufactured Home Park on 12.12 acres close proximity to the town of Creston. On town water, natural gas and new upgraded septic system. Easy to run as an absentee owner with good management in place. Newer shop with storage area and comes with equipment to maintain the park. Steady cash flow & never any vacancies. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$8K
Projected NOI
$104K
Annual cash flow
$6K
Cash-on-cash
1.04%
DSCR
1.06
Going-in cap
5.85%
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
47,010
Households
20,062
Median income
$111,000
Median age
32.1
Daytime population
44,217
5-yr growth
7.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1909 Erickson Road, Creston.
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.