14 bedroom house for sale

Overview

Imagine owning a property with a robust 13% cap rate and a gross income multiplier of 6. This remarkable property promises a significant return on investment and stands as a testament to savvy financial foresight. Consisting of 7 occupied rental units and a re-tooled public laundromat. With some rents unchanged for years, there exists a substantial opportunity to enhance earnings through thoughtful updates and strategic management. The convenience of location cannot be overstated, with residents and customers enjoying easy access to the bank, dollar store, post office, and gas station, all within walking distance. Moreover, its proximity to Hayward and Ladysmithjust 20 minutes awayplaces this property in an enviable position, catering to both the local community and visitors to the area.