The Largest Number of Homes for Sale
Multi-family for sale
931 Crace St, Nanaimo
$2,500,000
$2,500,000
Multi-family for sale
931 Crace St, Nanaimo
Features
Year Built
1928
Lot Size
12,936 sqft
Gross Property Tax
$10,053.19 /year
Zoning
R8
Total no. of Units
10
Description
5.53% CAP RATE. 10-unit rental apartment building plus 3 storage rental units at the edge of Nanaimo's harbour and downtown core. An opportunity to acquire a well-maintained property in one of Nanaimo's growing and gentrifying neighborhoods, with significant upside in the existing rents. The location of 931 Crace Street provides immediate access to Port Place Mall; as well as the new Hullo foot passenger ferry connecting downtown Vancouver and Nanaimo in only 70-minutes. Mix of 8 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit. Below market rents providing the purchaser with great upside opportunity upon tenant turnover. Contact Listing Agents for more information
MLS® Number 1027940