Details
Address | 1420 Estevan Rd |
Area | Nanaimo |
Sub Area | Brechin Hill |
State/Province | British Columbia |
Country | Canada |
Price | $3,200,000 |
Property Type | Building, Land |
Lot Size | 10015.00 Square Feet |
Waterfront | No |
Year Built | 1971 |
Taxes | $15,927 |
Tax Year | 2023 |
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
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