5
See all 5 photos
$2,550,000
Est. payment /mo
28 SqFt
New
3842 Gary ST North Glengarry, ON K0C 1A0
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 28 sqft
Price per Sqft $91,071
Subdivision 719 - Alexandria
MLS Listing ID X12283996
Annual Tax Amount $34,243
Tax Year 2024
Property Sub-Type Investment
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!
Location
Province ON
County Stormont, Dundas And Glengarry
Community 719 - Alexandria
Area Stormont, Dundas And Glengarry
Interior
Cooling No
Exterior
Utilities Available None
Lot Frontage 836.7
Lot Depth 1374.56
Listed by ROYAL LEPAGE TEAM REALTY