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Featured exterior photo of 992 Allenby Rd, Errington, BC
Scott Parker Personal Real Estate Corporation logo Scott Parker · Personal Real Estate Corporation
MLS® 1028092
Featured Listing

992 Allenby Rd

Errington, BC · V9P 2A9
$1,350,000
0 sqft 0.83 ac 52 Days on Market
About this home

Errington Living, Reimagined.

Investment property of .82 Acres with 9 rentable single tenant units with a high yield income asset (7-10% Cap Rate. This 3 title parcel which can not be subdivided is only 5 minutes to downtown Parksville and is in great condition. The Current Owners have expended time and energy over 14 years into maintaining and repairing as required and have skillfully built a cohesive group of excellent, mostly contented, tenants with an almost guaranteed income for the owner of $75,000 net of expenses per year.
The homes consist of a Fourplex, a Duplex with Storage Room, a Double Wide Mobile home, a Single wide mobile home and a Cabin. There is also a communal Laundry Building.
There is enough water to cover all of the Homes and buildings and also service 3 Allsbrook properties with legal parameters established and documented by Heath Law.
There are 3 Septic Fields and 3 separate tanks.
The area is well treed providing green aspects, shade and privacy for Tenants .Call now to view.
Investment property of .82 Acres with 9 rentable single tenant units with a high yield income asset (7-10% Cap Rate.
The Details

Property Highlights

Living Area 0 sqft
Lot Size 0.83 acres
Building Type Other
Cooling None
Parking 15
Location

On the Map

992 Allenby Rd, Errington, BC Open in Google Maps
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Scott Parker

Personal Real Estate Corporation
REMAX Professionals
Nanaimo, British Columbia
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992 Allenby Rd — enlarged listing photo