5580 Manson Ave Powell River, British Columbia

$1,688,000

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:46156)

Business

Business Type

Accommodation

Property Details

MLS® Number	19040
Property Type	Multi-family
Amenities Near By	Shopping, Public Transit
Community Features	Adult Oriented
Features	Level Lot, Treed

Building

Amenities	Balconies
Constructed Date	1965
Size Interior	6,198 Ft2

Land

Acreage	No
Land Amenities	Shopping, Public Transit
Size Irregular	0.82
Size Total	0.82 Ac
Size Total Text	0.82 Ac

Utilities

Cable	Available
Sewer	Available

https://www.realtor.ca/real-estate/28432436/5580-manson-ave-powell-river