Salehian.com 647-325-5000

571 Albert St

Central Nanaimo, Nanaimo, BC, V9R2W1

Listed by Sutton Group-West Coast Realty (Nan)

$2,490,000

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  • 6000 sq ft

Listed 96 days ago · MLS® 1042858

About this home

Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, float-plane service, shopping centres, malls, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Well managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential. (id:66966)

Details

Type
Multiplex
Size
6000 sq ft
Property tax
$15,228
Neighbourhood
Central Nanaimo
Municipality
Nanaimo

Interior

Fireplace
No

Heating, cooling and services

Heating
Baseboard heaters

Location

Location is approximate. See nearby homes on the map

Listed by Sutton Group-West Coast Realty (Nan).

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