Clinton Miller "A Name You Can Trust" Royal LePage is Oceanside's #1 Real Esate Company

Qualicum Beach (British Columbia, CA)
SOLD  $749,900 CAD




Sold
 

Royal LePage
Royal LePage Parksville


Clinton Miller
 
Clinton Miller
Email Clinton
 
Phone: (250)951-3195
TollFree: 1-800-224-5838
Fax: (250) 947-9422
 
Details

Address: 3117 Van Horne Road Type: Commercial Style:  Lot Type: Rectangular Taxes: $4,292.00 CAD (2011) MLS®: 329535 & 329536
 
Description

ATTENTION 12 rentals equals $81,300. gross per year! Current monthly income $6,775. and after expenses $5,575. net or $66,900.00 per year net. That is an 8.9% CAP rate which might be one of the best around. This amazing property has 2 huge commercial shops plus 9 rentals & 1 fully fenced compound. Current monthly return is as follows: Shop #1, (650 sq.ft, $450.), A-1 (1 bed, 1 bath, 750 sq ft $550.) Shop #2 (2500 sqft $1,200.), A-1 (1 bed, 1 bath $475.), A-3 (2 bed, 1 bath $575.), fenced compound ($375.) T-2 (manager) (2 bed, 1 bath 980 sqft, $400.), T-5 (2 bed, 2 bath 540 sqft $500.) T-7 (3 bed, 1 bath 980 sqft $550.) H-7 (2 bed, 1 bath 11 sqft $650.), T-8 (3 bed, 1 bath 840 sqft $500.), H-9 (1 bed, 1 bath 700 sqft $550.). Total expenses per month are $2,400. Best investment around, this property can set you up for life!
 
P2#53729415

Information is deemed to be correct but not guaranteed.