3842 Gary Street North Glengarry, Ontario K0C 1A0

$2,550,000

WOW! Just over $216,000 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. Massive 1,212,710-square-foot residential lot. Beyond the income it generates, it already has substantial value based solely on the land. 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:44758)

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https://www.realtor.ca/real-estate/29155791/3842-gary-street-north-glengarry-719-alexandria