- ©MLS 19040
- Area 6198 sq ft
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:48970) Show More
Details
- Constructed Date: 1965
- Property Type: Multi-family
Ammenities + Nearby
- Balconies
- Shopping
- Public Transit
- Shopping
- Public Transit
Features
- Level lot
- Treed
- Adult Oriented
- Accommodation
Location
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Data provided by: Powell River Sunshine Coast Real Estate Board