12170 County 3 Road North Dundas, Ontario K0C 2K0

$379,900

Wow, real estate at 14 times gross income, with very low expenses! Rental of 7 mobile home lots: $27,084 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 $640 per year. Connected to the city water supply Please note that the negotiation margin is low. (id:59869)

Property Details

MLS® Number	X12149113
Property Type	Vacant Land
Community Name	706 - Winchester
Farm Type	Other

Building

Size Interior	1 Acres
Utility Water	Municipal Water

Land

Acreage	Yes
Sewer	Septic System
Size Depth	192 Ft ,5 In
Size Frontage	298 Ft ,1 In
Size Irregular	1.32
Size Total	1.32 Ac
Size Total Text	1.32 Ac
Zoning Description	R1-1

https://www.realtor.ca/real-estate/28314034/12170-county-3-road-north-dundas-706-winchester