Quick Summary
Quick Summary
- Expansive 20+ acre multi-residential complex
- Diverse rental income from 6 buildings, log shack
- Attractive 6.49% CAP rate with upside potential
- Fully tenanted and self-managed property
- Surrounded by mature maple trees and pastures
- Ample 40'x150' gravel parking area
- 2 drilled wells and 3 septic systems
- Propane-sourced heating for residences
INVESTMENT OPPORTUNITY!! Multi-Residential complex situated on just OVER 20 ACRES of Land. This property features 6 Freestanding Residential Buildings, a 5plex, Single home, and 2 Prefab homes. Along with rental income from a Log Shack, Barn and 4 Rental Spaces used for storage and RV. CAP Rate of 6.49% with OPPORTUNITY of additional... Show More
INVESTMENT OPPORTUNITY!! Multi-Residential complex situated on just OVER 20 ACRES of Land. This property features 6 Freestanding Residential Buildings, a 5plex, Single home, and 2 Prefab homes. Along with rental income from a Log Shack, Barn and 4 Rental Spaces used for storage and RV. CAP Rate of 6.49% with OPPORTUNITY of additional rental income from storage or pasture land. Fully Tenanted and self managed property. Located just 1.5KM south of Cumberland. The residences are Surrounded by Mature Maple Trees, Pastures, and nature. In the back, there is a 40'x150' gravel parking area. 2 Drilled Wells, 3 Septic Systems, Propane Sourced Heating. VTB Available, CALL FOR MORE DETAILS! (id:54626)
Additional Media
View Additional Media
Property Details
Parking
Lot
Build
Heating & Cooling
Utilities
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
- 5
- 4
Sold Nearby
- 4
- 2
- 4
- 3
- 3
- 2
- 4
- 4
- 4
- 2
- 5
- 5
- 5
- 4
- 5
- 4
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.