*Accepted Offer in place* This fantastic apartment building offers 6 one bedroom units and 1 two bedroom unit at a great price. Ideally located across the street from the hospital, shopping and transit, it's no wonder this building is always occupied! The two bedroom unit offers a great floor plan with its own laundry, its own carport and its own backyard! All units are in good condition and the building has been very well maintained. All tenants have one year leases in place and are non - smoking. With a net income of $30,000 it offers full management and room to increase the rents. There is also a shared coin - operated laundry room, bike storage room and a massive storage space that could allow to transform a 1 bedroom unit into a 2 or 3 bedroom unit. This land holds a lot of value and makes a great holding property as the city will allow for a 30 unit multifamily with commercial space. See city for more details. Info package available.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8