5
See all 5 photos
$379,900
Est. payment /mo
1 SqFt
Active
12170 COUNTY 3 ROAD North Dundas, ON K0C2K0
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $379,900
Subdivision 706 - Winchester
MLS® Listing ID X12586874
Lot Size 1.320 Acres
Acres 1.32
Source Ottawa Real Estate Board
Property Description
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 $394 per year. Connected to the city water supply Please note that the negotiation margin is low. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by ROYAL LEPAGE TEAM REALTY
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