$549,000 · Duplex for Sale - Excellent Rental Investment (Van. Island)

This is a great opportunity to enter or expand into the residential rental market. Located in Port Alberni, this side by side duplex has a proven history of profitable earnings and excellent cash flow. Rental market is strong with low vacancy and high rental values. The property is a legal duplex and a rare find in this area. It would be a perfect investment which is easily managed from afar or offers an excellent opportunity to cash out of the city and live in one side while the other covers off the mortgage. The rental market is strong in Port Alberni and property value continue to increase at a steady pace. . Tenants have been in place for 2+ years. Each side 2200 sq ft, 3-4 bedroom, 2.5 bath. Each unit have F, S, WD, DW and gas fireplace. Large decks overlook the west. One side was completely renovated in 2016, the other was previously occupied by the owner and had bathroom and kitchen updates. Alley access with 3 bay carport, large yard and very well maintain. Perfect location near new highschool. Rents are $1400 and $1540 respectively. Tenants responsible for their utilities. Offered for sale at $549,000. Gross rental income approx. $34,800. Property tax $4,400 and municipal services $2,500. Other expense at owners discretion. Please only inquire if serious. Property is located in Port Alberni. More detail to be sent on request.