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Mumford’s Lodging

UNDER CONTRACT

$ 1,699,000

5422 Highway 16 W,
,

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Property Id : 29374
Price: $ 1,699,000
Property Lot Size: 0.55 ac
Year Built: 1996
Units: 19
PID: 013-722-239
Assessed Value: $926,600
Zoning: C3
Cap Rate: 12.0
Exterior Material: Wood
Roofing: Asphalt Shingles
Structure Type: Wood
Floors No: 2

About this property

Mumford’s Lodge is comprised of 19 full kitchenette suites and one housekeeper apartment with 3 beds/2 baths. The complex located on a half an acre lot, was massively renovated in 2018. Excellent revenue with regular long-time contracts in place which produces a great cap rate, in the ever growing city of Terrace.

Amenities and Features

Surface Parking
Central Location
Cable and Internet Included

Map

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