Qualicum Beach Property

[K. Terry Brown]

Hello REIN friends. My offer of $900,000 was accepted last month on a 1.3 acre property in Qualicum Beach on Vancouver Island - most beautiful part of Canada. Fully tenanted 2 houses, 4 mobiles, 3 apartments, two shops and a fenced storage lot. NOI $6,616 ROI 27% CAP rate 8.5%. Property will be managed by Rental House Profits (Gary Spencer-Smith from Port Albernie) who has already determined how to increase cash flow. Realtor says it is the best NOI he has ever seen for that price. Need $200,000 to complete downpayment - with a 50/50 JV partnership. Private money rates negotiable. Time sensitive.

For an information package terry@sanctuaryholdings or 778-707-0280.