1420 Estevan Rd | $3,200,000
Non-Viva Agent Agent Photo
Adam Herman
P. 604-675-5200
Phone Adam
Marcus & Millichap

BC
Canada

Details

%
Years (35 year max)
Years



Address 1420 Estevan Rd
AreaNanaimo
Sub AreaBrechin Hill
State/ProvinceBritish Columbia
CountryCanada
Price$3,200,000
Property TypeBuilding, Land
Lot Size10015.00 Square Feet
WaterfrontNo
Year Built1971
Taxes $15,927
Tax Year2023
MLS® #957032

1420 Estevan Road is a well maintained, 16 unit apartment building with adverse suite mix, featuring a strong going-in cap rate and potential to increase rents upon turnover, located within the growing city of Nanaimo. The units are individually metered with tenants paying their own electricity, and the vendor responsible for heat and hot water. 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 x1-bedrooms, and 2 x bachelor units

Location

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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