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8621 Cedar Ave Summerland, British Columbia V0H 1Z2

Forced Air

$3,050,000

Great return on investment on multiple properties that are showing an excellent return creating a 5.95% cap rate. This opportunity is comprised of four single family homes with legal rental suites, all built between 2017 and 2019 and still protected by the 2/5/10 new home warranty. All four homes have individual titles, and can be purchased as a package or individually. With 100% occupancy this package will generate $16,400 per month, or $196,800 annual gross income in an extremely safe investment. Property addresses are 8621 Cedar Ave, 8778 and 8738 Palmer Place, and 9457 Alder Street, Summerland, BC. Full package available, call listing agent for details. (id:25777)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number 180670
Property Type Multi-family
Amenities Near By Recreation, Schools
Features Central Location
View Type Mountain View

Building

Construction Material Wood Frame
Fireplace Present No
Heating Fuel Natural Gas
Heating Type Forced Air
Utility Power Single Phase
Utility Water Municipal Water

Land

Acreage No
Land Amenities Recreation, Schools
Sewer Municipal Sewage System

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21159431