3291 3rd Ave, Port Alberni, BC V9Y 4C9

$885,000
9
BD
4
BA
3,418
SqFt

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Courtesy of Royal LePage Island Living (PA)

List Price
$885,000
Status
ACTIVE
MLS®
1027373
Price Change
▼ $10,000 1784253185
Property Type
Multifamily
Year Built
1927
Style
Side x Side (Duplex)
Bedrooms
9
Total baths
4
Living Area
3,418
Acres
0.22
Lot Size
8,250
District
Port Alberni
Neighbourhood
Pa Port Alberni

Property Description

MULTI-UNIT LISTING IN PORT ALBERNI, THREE ADDRESSES, TWO HOUSES. Strong revenue property generating $6,150 per month with a 5.84% cap rate, offering solid income potential for investors. Long-term tenants are already in place and would like to stay, providing a 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.

Additional Information

Layout
Duplex Side/Side
Lot Features
Central Location, Cul-De-Sac, Easy Access, Shopping Nearby, Sidewalk
Heating
Baseboard, Electric, Heat Pump
Flooring
Mixed
Roof
Asphalt Shingle, Asphalt Torch On
Parking Spaces
1
Exterior Features
Low Maintenance Yard
Interior Features
Additional Accom.
Additional Accomodation
Exists
Parking Type
Additional Parking, Carport, Driveway, Guest, On Street
Kitchens
4
Laundry Feature
In Unit
Taxes
$5,347
Rentals Allowed
Unrestricted
Pets Allowed
Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

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Calculator source: Real Geeks

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