8621 CEDAR AVE Summerland, British Columbia MLS# 180670

$ 3,050,000

Description

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:22688)

Overview

WaterMunicipal water
SewerMunicipal sewage system
HeatingNatural gas
Listing Office:ROYAL LEPAGE LOCATIONS WEST

Features

ViewMountain view

Location

The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.