Real Estate Investment:  Multi Purpose - 3117 Van Horne Road - Qualicum

About This Property                               

Amazing cap rate with this great revenue property. Monthly income: $8,048, approximate monthly expenses: $1,127. This amazing property has 1 huge commercial shop, another shop that has been converted into a living space (could always be converted back) plus 9 rentals & 1 fully fenced compound. Current monthly return is as follows: Apt 1: $750, Apt 2: $485, Apt 3: $750, Shop 1: $700, Shop 2: $1,348, Trailer 2: $715, Trailer 3: $765, Trailer 5: $765, Trailer 8: $820, House: $750, Storage: $200 = $8,048!

Features

  • 1.32 Acres
  • 6.9% CAP Rate
  • 11 Income Streams


Asking Price: $950,000

Initial Cash Required: $316,000

Monthly Cash Flow: $2,091

Annual ROI: 21%

Profit after 10 Years: $690,000

     

   

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