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1922 Cedar Rd, NANAIMO
2024-01-14
Quick Summary
MLS®#950696
Property Description
Investment opportunity! 2 full up down duplexes located on a level 1.2 acres in Cedar. This property offers great income earning potential and is located within walking distance of Cedar’s amenities. All 4 tenants are on a month-to-month tenancy. 1922 is up-down mobile home duplex - 1922A is a 4 bd, 2 ba unit with tenant paying $1878/month + util (seller covers the gas). 1922B is a 3 bd, 2 ba unit that was fully renovated in 2018 where the tenant is paying $1319/month + utilities & gas. 1924 & 1926 are both 2 bed, 1 bath units. 1924 is the lower unit of the original duplex on the property and is a tenant who has been occupying this space for 34 years. Tenant pays $781/month + util. The upper unit in this dwelling is 1926 and this tenant is currently paying $897/month + util. All units have their own laundry facilities and private entrances. The tenants in 1924 & 1926 share the use of the detached carport/workshop. New Septic installed December 2023 for 1924/1926. Data and measurements are approx. and must be verified if import. (id:32467)
Property Features
Building
- Cooling Type: Air Conditioned
- Fireplace: Yes
- Interior Size: 4392 sqft
- Building Type: Duplex
Features
- Feature: Level lot, Southern exposure, Other
Land
- Land Size: 1.2 ac
Ownership
- Type: Freehold
Structure
- Structure: Shed, Workshop
Information entered by RE/MAX of Nanaimo
Listing information last updated on: 2024-04-24 18:42:35
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