3117 Van Horne Road, Hilliers

ATTENTION 12 rentals equals $81,300. gross per year! Current monthly income $6,775. and after expenses $5,575. net or $66,900.00 per year net. That is an 8.9% CAP rate which might be one of the best around. This amazing property has 2 huge commercial shops plus 9 rentals & 1 fully fenced compound. Current monthly return is as follows: Shop #1, (650 sqft, $450.), A-1 (1 bed, 1 bath, 750 sqft $550.) Shop #2 (2500 sqft $1,200.), A-2 (1 bed, 1 bath $475.), A-3 (2 bed, 1 bath $575.), fenced compound ($375.) T-2 (manager) (2 bed, 1 bath 980 sqft, $400.), T -5 (2 bed, 2 bath 540 sqft $500.) T-7 (3 bed, 1 bath 980 sqft $550.) H -7 (2 bed, 1 bath 1 I sqft $650.), T -8 (3 bed, 1 bath 840 sqft $500.), H-9 (1 bed, 1 bath 700 sqft $550.). Total expenses per month are $1,200. Best investment around, this property can set you up for life!

Property Details

Address3117 Van Horne Road

Price$950,000

TypeFreehold

AreaParksville/Qualicum

Sub AreaErrington/Coombs/Hilliers

MLS® Number461792

Listing AgentClinton Miller

Lot Size57499

Postal CodeV9K 1L2

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