Fourplex for sale
3291 3rd Ave, Port Alberni
$945,000
Features
Style
Duplex Side/Side
Year Built
1927
Floor Area
3,510 sqft
Lot Size
8,250 sqft
Gross Property Tax
$5,347 /year
Zoning
R
Amenities
Low Maintenance Yard, Storage Shed, Workshop, Aluminum Frames, Insulated Windows, Vinyl Frames
View
Mountain(s), Ocean
Additional Features
Central Location, Cul-de-sac, Easy Access, Shopping Nearby, Sidewalk
Description
THREE ADDRESSES, TWO HOUSES, MULTIPLE SUITES, INVESTMENT PROPERTY. Strong revenue property generating $6,150 per month with a 5.47% cap rate, offering solid income potential for investors. Long-term tenants are already in place and would like to stay, providing immediate and reliable cash flow. This unique holding includes two houses on two separate lots with three civic addresses and convenient access from 3rd Ave, Strathern, and the back alley. The property enjoys ocean and mountain views and is located outside the tsunami zone. Each suite includes its own washer and dryer, and the duplex units have separate hydro meters. The property has been extremely well looked after over the years with many updates and improvements completed throughout. A freestanding carport with lockable storage units and power provide additional utility and storage. With steady rental history, flexible lot configuration, and strong income, this is a great opportunity for investors looking to add doors to their portfolio.
MLS® Number 1027373