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:23770)
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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 The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®).
