20 Acres
Partially Air Conditioned
Acreage
$1,499,900
INVESTMENT OPPORTUNITY!! Multi-residential complex situated on just over 20 ACRES of land. This unique property features 6 freestanding residential buildings, including a 4-Plex, a single family home, and two prefab homes. Offering a 8.5% CAP RATE with further upside potential through expanded storage or pasture rental opportunities. The property is fully tenanted and self-managed, providing immediate and stable income. Ideally located just 1.5 km south of Cumberland, the residences are surrounded by mature maple trees, open pastures, and natural landscapes, creating a desirable rural setting for tenants. Additional features include a 40' x 150' gravel parking area, 2 drilled wells, 3 septic systems, and propane heating. Property being sold as-is, where-is. Contact for more details! (id:63476)
Property Details
|
MLS® Number |
X13449792 |
|
Property Type |
Multi-family |
|
Community Name |
1116 - Cumberland West |
|
Equipment Type |
Water Heater, Furnace |
|
Rental Equipment Type |
Water Heater, Furnace |
Building
|
Cooling Type |
Partially Air Conditioned |
|
Size Interior |
20 Acres |
|
Type |
Multi-family |
Parking
Land
|
Acreage |
Yes |
|
Sewer |
Septic System |
|
Size Depth |
217 Ft |
|
Size Frontage |
518 Ft ,10 In |
|
Size Irregular |
20.34 |
|
Size Total |
20.34 Ac |
|
Size Total Text |
20.34 Ac |
|
Zoning Description |
Ag3 |