931 Crace St, Nanaimo BC V9R 2T4
$2,500,000
00
931 Crace St, Nanaimo BC V9R 2T4 - Multi Family for Sale in Nanaimo, BC
This 0 bedroom, 0 bathroom multi family is listed for sale at $2,500,000 in Nanaimo, British Columbia. Built in 1928. Lot size: 13,068 sq ft (0.30 acres).MLS® #1027940.
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.
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.
$2,500,000
For Sale
1 / 20
931 Crace St, Nanaimo BC V9R 2T4
Nanaimo, BC V9R 2T4
MLS® #1027940
Colliers International (Nan)
0beds
0baths
1928
Property Details
Crace St Market Report
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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.
Listing History
Members Only
Dallas King
Personal Real Estate Corporation
RE/MAX Generation
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Location & Community
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Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$14,000
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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Property Location
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