About 992 Allenby Rd
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.
Basic Information
| Price | $1,350,000 |
|---|---|
| MLS® # | 1028092 |
| Sub-Type | Other |
| Baths | 0.00 |
| Lot Size | 0.83 Acres |
Location Information
| Address | 992 Allenby Rd |
|---|---|
| Postal Code | V9P 2A9 |
| Area | Parksville/Qualicum |
| Sub Area | Errington/Coombs/Hilliers |
| Jurisdiction | Nanaimo Rural (768) |
| Waterfront? | No |
Features & Amenities
| Water | Well: Drilled |
|---|---|
| Sewer | Septic System |
| Heating | Electric |
| Cooling | None |
| Foundation Details | Other |
| Property Condition | Resale |
| Laundry | Common Area |
| Parking | Open |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
Listing Details
| Office | RE/MAX First Realty (PK) |
|---|