571 Albert St, Nanaimo, British Columbia

About 571 Albert St

Exceptional investment opportunity featuring a meticulously maintained 10-unit rental building constructed in 2019. The property generates more than $12,000 per month plus utilities, with a projected cap rate of approximately 4.5%–5%. Ideally located near transit, ferries, float-plane service, shopping centres, malls, schools, parks, churches, and other essential amenities. Building maintains 100% occupancy, supported by an ongoing tenant wait-list that reflects the strong demand for rental housing in this location. Well managed and exceptionally clean, the property benefits from a stable roster of responsible tenants and offers a straightforward, low-maintenance investment. With the seller preparing for retirement, attractive vendor-financing options may also be available. Whether expanding an established portfolio or entering the multifamily rental market, this property offers reliable income, modern construction, strong tenant demand, and excellent long-term investment potential. (id:6289)

More Info on this Central Nanaimo Multi-Family MLS® listing

571 Albert St is a multi-family listing for sale in Nanaimo. The MLS® number is 1042858. It's currently listed for $2,490,000. For more details on MLS® 1042858, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Central Nanaimo is available now!

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