APARTMENT BUILDING INVESTMENT - Manson Manor comprises 12 large 2 bedroom apartments tucked away in a private, landscaped setting in the quiet neighborhood of Cranberry. 100% occupied to long term tenants and generating strong cash-flow this property investment offers investors a 6% cap rate. Average rents are below market levels so there is significant upside for income growth in the years ahead. Each unit has it's own laundry, hydro meter, balcony and parking space. The property is located on a bus route with regular service into Westview. The recreation complex is close by and other local amenities, including a grocery store, shops, restaurants and senior services are within walking distance. Cranberry Lake, Inland Lake and many walking and biking trails are also nearby. This is an excellent long term investment opportunity. Call the listing agent for a more info, including financials - actual and projections and to arrange a viewing. (id:4069)
Address
5580 MANSON AVE
List Price
$1,688,000
Property Type
Multi-family
Area
British Columbia
Sub-Area
Powell River
Floor Area
6,198 Sq. Ft.
Lot Size
0.82 Sq. Ft.
Year Built
1965
MLS® Number
19040
Listing Brokerage
ROYAL LEPAGE POWELL RIVER
Site Influences
Shopping, Public Transit
Features
Level lot, Treed
Amenities
Balconies
