119 & 123 Adams Ave Nanaimo, British Columbia V9S 4R9
$1,199,000
Nanaimo Cashflow Investment Opportunity. Four suites for less than $299,900/door. This strata property features four self-contained suites with the potential for over $7,000 of monthly revenue (6%, capitalization rate approx.) This investment promises reliable cash flow and long-term appreciation. Centrally located near shopping, the hospital & VIU University. Nanaimo's rapidly growing population ensures high rent demand and low vacancy rates, providing a stable income stream. The fourplex is part of a larger strata corporation, eliminating exterior maintenance concerns. Nanaimo's booming economy, driven by technology, tourism, and education, creates a strong demand for rentals. Invest now to benefit from the city's growth and capitalize on the competitive rental market. Seize this opportunity to secure reliable cash flow and long-term equity appreciation. Floor plans and information packages are available. (id:52726)
Property Details
| MLS® Number | 935454 |
| Property Type | Multi-family |
| Neigbourhood | Central Nanaimo |
| Plan | Vis375 |
Building
| Cooling Type | See Remarks |
| Fireplace Present | No |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Exterior | 4526 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Zoning Description | Rm3 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/25796140/119-123-adams-ave-nanaimo-central-nanaimo
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Vancouver Island Real Estate Board
Exp Realty
July 06 2023 12:01:56
