531 Kennedy St, Nanaimo, British Columbia

About 531 Kennedy St

Turnkey multi-family cash-flow investment in Nanaimo's Old City Neighbourhood! Built in 2021, this purpose-built asset features 8 efficient studio units engineered for modern, low-maintenance operations. Per the official suite mix, the layout consists of four 436 SF studios and four 329 SF studios. All 8 suites boast premium in-suite laundry, built-in dishwashers, high-speed internet setups, and a rare 1:1 on-site parking ratio (8 dedicated stalls). Generates $138,180 gross annual rental income with a stable, projected NOI of $103,730 (5.08% Cap Rate). BONUS: Active 10-year Downtown Revitalization Tax Exemption has 5 years fully remaining, drastically minimizing net municipal operating expenses. Highly walkable location steps from downtown amenities, transit, shopping, and waterfront ferry terminals. Contact listing agents for full OM. NDA required for data room release. (id:6289)

More Info on this Old City Multi-Family MLS® listing

531 Kennedy St is a multi-family listing for sale in Nanaimo. The MLS® number is 1041190. It was built in 2021. It's currently listed for $1,975,000. For more details on MLS® 1041190, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Old City is available now!

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