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    For Sale - 12170 County 3 Road, North Dundas, Ontario

    Est payment $1,883/mo
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    Views   1
    Time on Jump  6 day

    AI Summary *

    • 7 mobile home lots generating $27,903 in annual rental income.
    • Lower maintenance costs with tenants responsible for their own homes.
    • Investor handles minimal common services for maintenance.
    • High profitability as tenants own their mobile homes.
    • Affordable insurance premium of only $395 per year.




    Wow, real estate at 14 times gross income, with very low expenses! Rental of 7 mobile home lots: $27,903 per year lower maintenance costs, unlike traditional rental buildings, mobile home parks generally require less maintenance. Tenants are responsible for the upkeep of their own homes. The investor only needs to handle common services, such as septic tank pumping or road maintenance. Therefore, there are no expenses related to window replacements, balconies, roofs, or repairing damaged units. High profitability since all mobile homes are owned by the tenants, they do not risk losing their homes. This ensures that rents are always paid without loss. In case of unpaid rent, the amounts are usually settled during the sale of the mobile home. Insurance premium: only $395 per year. Connected to the city water supply please note that the negotiation margin is low.
    Listing IDX12586880
    Address12170 County 3 Road
    CityNorth Dundas, Ontario
    Price$379,900
    StyleOther, Multiplex
    ConstructionOther
    Land Size1.383
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherAmenities School Bus RouteOwnership FreeholdBasement NoneFoundation OtherHeating / Cooling OtherHeating Fuel OtherSewer Septic

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    Listing Agency:  ROYAL LEPAGE TEAM REALTY
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    12170 County 3 Road
    North Dundas , Ontario
    $379,900
    Get more info