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reduced 249900 for two homes in Nanaimo 4plex lot, NO DCC’s

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Price$249900

Description This one has serious upside! 2 Separate detached houses for the price of one! $1880 Potential rent with 7.2% Cap rate, currently $1692. 4Plex RM-2 zoning on 8778 sq ft lot, No DCC’s means 10’s of thousands in savings, partial water view lot with park in front, New carpets, lino, paint, roof, heater, electric upgrade, handicap accessible. Less than 1% vacancy in Single Family Homes so Live in one and rent out other and wait to build. Good tenants in place. Vacant lot next door has plans for 4 plex as well. Minutes to Downtown and Ferries.

http://www.remax-nanaimo-bc.net/r...
 
Ad Id: 6735900 This item is new. 

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Category  >  Real Estate  >  Sales  >  Houses For Sale
Date PostedAugust 14, 2008
Date RenewedJanuary 22, 2009
Date ExpiryFebruary 21, 2009
StatusEXPIRED 


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