Multi-family for sale

1420 Estevan Rd, Nanaimo

$3,200,000 or
Contact the REALTOR®
Multi-family for sale in Nanaimo, Brechin Hill, 1420 Estevan Rd, 957032 | Realtylink.org
Multi-family for sale in Nanaimo, Brechin Hill, 1420 Estevan Rd, 957032 | Realtylink.org Multi-family for sale in Nanaimo, Brechin Hill, 1420 Estevan Rd, 957032 | Realtylink.org Multi-family for sale in Nanaimo, Brechin Hill, 1420 Estevan Rd, 957032 | Realtylink.org Multi-family for sale in Nanaimo, Brechin Hill, 1420 Estevan Rd, 957032 | Realtylink.org
$3,200,000 or

Multi-family for sale

1420 Estevan Rd, Nanaimo

Features

Lifestyle
957032 3200000 /en/multi-family~for-sale~nanaimo/957032?view=Summary /en/multi-family~for-sale~nanaimo/957032/photos 49.1844200000 -123.9530400000 true
Year Built
1971
Floor Area
12,000 sqft
Lot Size
10,015 sqft
Gross Property Tax
$15,927.37 /year
Zoning
R8
Additional Features
Central Location, Easy Access, Shopping Nearby
Total no. of Units
16

Description

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
MLS® Number 957032

Listing REALTORS®

Adam Herman, REALTOR<sup>®</sup>

Adam Herman

REALTOR®

Marcus & Millichap

Curtis Leonhardt, REALTOR<sup>®</sup>

Curtis Leonhardt

REALTOR®

Marcus & Millichap

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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