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Listing Details
- $1,350,000
- MLS# 1028092
- Type Land - Lot/Land
- Status Active
Listed By
Agency Name: RE/MAX First Realty (PK)
Agency Phone: 250-248-1071
Shown By
Agency Title: DFH Real Estate LTD
Agency Phone: 250-477-7291
Home Value Estimate
Description
Investment property of .82 Acres with 9 rentable single tenant units with a high yield income asset (7-10% Cap Rate. This 3 title parcel which can not be subdivided is only 5 minutes to downtown Parksville and is in great condition. The Current Owners have expended time and energy over 14 years into maintaining and repairing as required and have skillfully built a cohesive group of excellent, mostly contented, tenants with an almost guaranteed income for the owner of $75,000 net of expenses per year.The homes consist of a Fourplex, a Duplex with Storage Room, a Double Wide Mobile home, a Single wide mobile home and a Cabin. There is also...read more
Features
- Property Type: Land - Lot/Land
- Days on Site: 39
- Heating: Electric
- Laundry: Common Area
- Lot Size: 0.83 Acres
- Parking: Open
- Parking Notes: Open
- Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
- Roof Type: Other
- Sewer: Septic System
- Taxes: $5,940
- Water: Well: Drilled
Gallery
Listed By
Agency Name: RE/MAX First Realty (PK)
Agency Phone: 250-248-1071
Shown By
Agency Title: DFH Real Estate LTD
Agency Phone: 250-477-7291
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