3187 262B Street, Langley
$6,849,000

Description

Location, location, location....Attention all investors and developments, right on Fraser Hwy and 262B St, next to Aldergrove Village Shopping Centre. Amazing opportunity to purchase rare commercial/residential mixed free hold property right on the corner of a busy street. This cash producing property with great cap rate won't last long. Rental income from the house on the property is minimum $2000/month, business income on the property pays $5500/month 6 years term with increase of rent to $6000/month after 3 years. Buy and let the property pay for it's self or redevelop, taking advantage of the M-2 zoning. Contact now for your private showing, don't wait. Possible combine sale with lot next door R2559480.

Taxes (2020): $7,001.08

MLS Reciprocity
Listed By: RA Realty Alliance Inc.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.