1420 Estevan Rd, Nanaimo

$3,200,000 |   MLS® Number  957032

Multi-family for sale in Nanaimo, Brechin Hill, 1420 Estevan Rd, 957032 | Realtylink.org

Multi-family for sale

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

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