New property listed in PQ Parksville, Parksville/Qualicum

I have listed a new property at 148 Morison Ave.
Parksville Downtown Commercial Building with 2 Units. Fully leased with 2 excellent long-term tenants. This building is in great condition and has been well maintained making it an attractive low-maintenance investment. Leases are both Triple Net and are current until 2023. This investment provides a 4.85% CAP rate at the asking price. Income to owner is $27,888/year ($17.52/sf x 1591sf) There is on-street parking out front and 4 stalls in the back. Each unit includes rear entrance, storage room, and 2 pce bath. Prime location at a reasonable price. This is a great opportunity to get into commercial real estate investment or add to your existing portfolio. Showing by appointment only, please do not disturb tenants.
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