4214 8th Ave, Port Alberni, BC V9Y 7S8

$1,300,000
List Price
$1,300,000
MLS® #
869768
Subdivision
Pa Port Alberni

Property Description

Investment with redevelopment opportunity strata 6-plex each unit has individual title. Each unit is 3 bedrooms plus den, 2 bathrooms, in suite laundry 2 storeys and private court yard. Each unit has an outside storage room. Self run strata with only 3 owners for all units. Long term tenants. Solid investment with RM3 zoning and strong support from City to redevelop. Strategic holding property with future redevelopment. Current Gross monthly rent is $5000, market rent should be closer to $8400 per month. Opportunity to renovated and create equity in this low maintenance investment. 18 unit strata complex in 3 buildings, each building is owned by 1 owner. Full information package available upon request.

Additional Information

Lot Features
Central location, Easy Access, Family Oriented, Level Lot
Parking Type
On Site
Heating
Baseboard, Electric
Office Name
Sutton Group-West Coast Realty (Nan)

Listing courtesy of Sutton Group-West Coast Realty (Nan).

Mortgage Calculator

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Calculator source: Real Geeks

Listing content Copyright 2021 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.