ON
North Glengarry
K0C1A0
3842 Gary Street
3842 Gary Street, North Glengarry, ON K0C1A0
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Listing Type
Lots/Land
Listing Status
active
5
$2,550,000

Home Details for 3842 Gary Street

Price
$2,550,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
28
Parking
Days on site
45
Listing #
X12283998
Property Description

WOW! Just over $208,000 in annual gross income in Alexandria!! Solid, low-maintenance investment property now available with this excellent income-generating mobile home park in Alexandria. This 28 acre lot contains 47 mobile homes with land leases. Land tenants own their mobile homes in this very nice and quiet community. The owner is responsible for road, water and septic maintenance (infrastructure). There are drilled wells (14) to supply all mobile homes and each home has it's own septic system. This is an excellent opportunity which has no vacancy loss with a 100% occupancy rate as tenants do not want to risk losing their investment. Mobile home parks offer low maintenance costs because each tenant is responsible for their home, which also leads to low insurance costs for the park owner. Alexandria is a large town with all amenities including shopping, hospital and anything else you might need! Situated 1 hour from Montreal and 1hr from Ottawa. With the current demand for housing, this affordable option for housing is sure to attract clientele in the long-term! Ask for the information package! (id:31684)

Property Features
    Listing Courtesy: ROYAL LEPAGE TEAM REALTY
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    EXIT REALTY SEAWAY, BROKERAGE
    425 E. Fourth St. W., Cornwall, ON K6J 2S7
    Office
    613 937 4445
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