Listing Details for 2782 Ulverston Ave, Cumberland - MLS® #449545

Multi-family For Sale 799,900

Multi-family Property For Sale at $799,900

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Basic Details

Listing ID
20246439
MLS® Number
449545
Street Address
2782 Ulverston Ave
City
Cumberland
Postal Code
V0R1S0
Property Type
Multi-family
Price
799,900
Municipal Id
000-268-078
Neighbourhood
Z2 Cumberland
More Details...

Property Description

Mixed use Property. Original 1950's warehouse currently containing 10 mini storage units fully rented. 30 X 50 ft warehouse area currently containing an office Files Storage and shredding facility business that is included within the asking price. This also includes an additional large office and washroom area. Second building is a large four plex built in the mid 1990's with long term tenants in place. Zoning is R1A and legally non-conforming and has operated without any issues for several years. Good potential for somebody looking for a small profitable business to work out of as well as an income producing property that already has good long-term tenants in place with little or no drama. Monthly revenue without the shredding business income is just over $4,100 per month. All rents including mini storage and residential units are rented below market value and have not had an increase which is long overdue which would significantly increase revenue stream if given. (id:8145)

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Full Details

Land

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Listed by Royal LePage-Comox Valley (CV)

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Listing information last updated on Wed, 20 Nov 2019 19:02:30 GMT.