Average square foot calculated using Size range provided by listing agent.
Description
Exceptional opportunity to acquire two townhome rental buildings comprising 33 units, offering substantial rental upside in the growing town of Port McNeill on Vancouver Island, BC. Both properties enjoy prime locations within Port McNeill. 2235 Mountview Crescent is situated directly beside Sunset Elementary and North Island Secondary School, making it ideal for families. This property showcases panoramic north facing ocean views. Meanwhile, 2801 Mine Road is positioned next to Port McNeill Hospital, offering strong appeal for healthcare workers and residents alike. Each site provides convenient access to the town's amenities, services, businesses, and schools. Investment highlights include: current rental rates are below market, as demonstrated by the rent roll compared to more recently secured rents-offering a strong value-add opportunity for investors seeking upside potential; and the buildings have been well maintained by current owner. Cap rate is 7.85Show Description
MLS® Number1004796
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