10,015 ft²Multifamily$3,600,000Sale
10,015 ft²
Multifamily
$3,600,000
Sale
Data Room Access
The property is well located in the growing city of Nanaimo, with close proximity to the ferry terminal, transit and Terminal Park Mall, which offers a variety of restaurants and retail options. With a strong going in cap rate, there’s plenty of room to improve rents upon turnover with a diverse unit mix including 3 x 2-bedrooms, 11 x 1-bedrooms, and 2 x bachelor units.
The Space
Asking Price$3,600,000
Available Space10,015 ft²
Net Operating Income$178716
Property UseMulti family
Cap Rate4.96%
SourceDirect
The Building
Property TypeMultifamily
Lot Size10,015 ft²
ZoningR8
Year Built1971
Up to $500K for British Columbia businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.
