1826 St Peters Fourchu Rd, Grand River

Description

Seize a rare opportunity to acquire a high performing turnkey investment property in a picturesque coastal setting. This fully occupied 5 unit residential building delivers immediate and stable cash flow in a region experiencing strong rental demand and extremely low vacancy, making it a secure and attractive addition to any portfolio. With a cap rate of approximately 10 percent, the property offers an exceptional return on investment. Positioned on an expansive 2.5 acre lot, it provides both privacy and long term development potential. The well maintained building features a large wrap around deck with scenic views, enhancing tenant appeal, along with an accessibility ramp that broadens usability. A key advantage is the established on site property management, handling day to day operations and tenant relations, making this a truly hands off investment. The location is ideal for tenants seeking a balanced lifestyle, with Point Michaud Beach just 15 minutes away and the amenities of St Peters including dining, shopping and services reachable in under 20 minutes. Whether you are expanding your portfolio or entering the market with a strong asset, this property combines location, stability and outstanding returns in one compelling offering. Inquire today to receive the full financial package. (id:56844)

Listing

MLS® number

202605894

Status

Active

Days On Market

214

Building

Type

Apartment

Foundation

Concrete Perimeter

Basement

Finished, Full, Walk out

Interior

Flooring

Laminate, Vinyl

Heating

Baseboard heaters, Oil, Furnace

Appliances

Washer, Dryer - Electric, Refrigerator, Water softener, Range - Gas

Land

Lot size

2.52 acres

Exterior features

Wood siding

Community

School Bus, Recreational Facilities

Parking

Type

Parking Space(s), Gravel

Utilities

Water

Drilled Well

Sewer

Septic System

Fees and taxes

Common interest

Freehold

Parcel number

75084178

Directions

In Grand River on the St Peter's Fourchu Road, next to the big church on the hill