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$ 1,688,000
Est. payment /mo
New
5580 MANSON AVE Powell River, BC
6,198 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,198 sqft
Price per Sqft $272
MLS® Listing ID 19040
Year Built 1965
Lot Size 0.820 Acres
Acres 0.82
Source Powell River Sunshine Coast Real Estate Board
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:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features Adult Oriented
View Y/N No
Private Pool No
Listed by ROYAL LEPAGE POWELL RIVER
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