12170 COUNTY 3 ROAD, North Dundas, Ontario, K0C 2K0

$379,900

MLS® # X12586880

Investment For Sale In North Dundas, Ontario

$379,900

Property Information:

Wow, real estate at 14 times gross income, with very low expenses! Rental of 7 mobile home lots: $27,903 per year Lower maintenance costs, unlike traditional rental buildings, mobile home parks generally require less maintenance. Tenants are responsible for the upkeep of their own homes. The investor only needs to handle common services, such as septic tank pumping or road maintenance. Therefore, there are no expenses related to window replacements, balconies, roofs, or repairing damaged units. High profitability since all mobile homes are owned by the tenants, they do not risk losing their homes. This ensures that rents are always paid without loss. In case of unpaid rent, the amounts are usually settled during the sale of the mobile home. Insurance premium: only $395 per year. Connected to the city water supply Please note that the negotiation margin is low. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Type: None
  • Floor Space: 0 - 699 sqft
  • Heating Type: Other

Property Features:

  • Property Type: Multi-family
  • Community Features: School Bus
  • Features: Irregular lot size
  • Floor Space (approx): 0 - 699 Square Feet
  • Irregular: Yes
  • Lot Depth: 199.2 Feet
  • Lot Frontage: 299.5 Feet
  • Lot Size: 299.5 x 199.2 FT
  • Zoning: R1-1
  • Sewer: Septic System
  • Parking Type: No Garage
  • No. of Parking Spaces: 12

Courtesy of: Royal LePage Team Realty

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