Cowichan Valleys Newest Listing: 5864 York Road
5864 York Road
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$599,900
5864 York Road: Older 6 Plex Centrally Located. 11,180 sq ft of land zoned C2. Always rented. Each townhouse is 2 storey, 1,000 sq ft, 2 bedroom, 1 1/2 baths. Walk to everything; Community Centre, Pool, Library, Schools, Shopping, Vancouver Island University, etc. 4 units rented @ $650 per month, 2 @ $600 per month. Gross Rents $3,800 per month = $45,600 per year. Expenses: insurance $5,000, taxes $3,913 leaving Net Income of $36,687. Rent could be increased with upgrading. If sold in conjunction with the Falcon Nest Motel mls 265914, fronting on the Trans Canada Hwy price is discounted by $100,000 to $499,900. Both together would make an excellent land amalgamation for a Development Site, with frontages on both the Highway and York Road. |
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