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.
| Address |
1922 Cedar Rd |
| List Price |
$1,025,000 |
| Property Type |
Residential |
| Type of Dwelling |
Full Duplex |
| Area |
Nanaimo |
| Sub-Area |
Na Cedar |
| Bedrooms |
11 |
| Bathrooms |
6 |
| Floor Area |
4,392 Sq. Ft. |
| Lot Size |
52272 Sq. Ft. |
| Year Built |
1952 |
| MLS® Number |
950696 |
| Listing Brokerage |
RE/MAX of Nanaimo
|
| Basement Area |
Finished |
| Postal Code |
V9X 1L7 |
| Tax Amount |
$3,443 |
| Tax Year |
2023 |
| Features |
Electric, Insulated Windows, Mixed, Natural Gas |
| Amenities |
Easy Access, Level, Shopping Nearby, Southern Exposure, Storage Shed, Workshop |
