Estimated Cash Flow
$701.00/ month
Asking Price
$975,000.00
Potential Rent
$5,375.00/ month
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NB964838 Nanaimo

Amazing Income Potential. This renovated 4 plex, on the edge of Cinnabar Valley in Nanaimo, is a fantastic investment opportunity that should provide little maintenance for years to come. In addition, the City of Nanaimo has confirmed the potential of a triplex being built on this lot with approval. With .63 acres, this mature, nicely manicured lot, has 4 nicely updated self contained units with in suite laundry, 2 bed, 1 bath and approximately 800 sq feet per home with great tenants in place. Each unit has its own deck /patio space, updated 4 piece bath and plenty of parking. There's even a 5th unauthorized unit! Close to all levels of shopping, about 7 minutes to downtown Nanaimo, and 3 minutes to parkway access this home is in a quickly developing area and will be a great investment for years to come. All measurements and data are approximate and should be verified if deemed important.

Multi Family

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