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Nanaimo, BC, V9P2A9 • V9P • Nanaimo Regional District
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0.83 acLot
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Listed 27 days ago · 25 views
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27 days on market
Recently listed
This home ranks in the top 27% of listings most likely to go under contract soon, based on market activity and demand signals.
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Single Family
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 a communal Laundry Building. There is enough water to cover all of the Homes and buildings and also service 3 Allsbrook properties with legal parameters established and documented by Heath Law. There are 3 Septic Fields and 3 separate tanks. The area is well treed providing green aspects, shade and privacy for Tenants .Call now to view.
Based on current rates
Est. 6.75% rate · 30yr fixed · $1,080,000 loan
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Nanaimo, BC, V9P2A9
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Local context around this listing
Nanaimo, BC • Nanaimo Regional District
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