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5580 MANSON AVE, Powell River, BC
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$1,688,000
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Home Details for 5580 MANSON AVE Ave
Price
$1,688,000
Type
Multi Family
Year Build
1965
Lot Size
0.82
Listing #
19040
On exitrealty.com
169 days
Property Description
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:31684)
Listing Courtesy: ROYAL LEPAGE POWELL RIVER
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