Nanaimo rental apartment building sold for $1.25M
The 10-unit property includes eight two-bedroom townhouse suites
Copyright © Western Investor
A 10-unit multi-family property in Nanaimo has sold for $1.25 million, CBRE Vancouver tells Western Investor.
The Buckingham Arms Apartments is a two-storey building with two one-bedroom suites and eight two-bedroom townhouse units. The property has undergone renovations to 60 per cent of the suites. The property has a capitalization rate of 4.77 per cent and an assessed value of $1.26 million.
The property is located at 420 Holly Ave., Nanaimo.
No. of Units: 10
Lot Size: 14,157 SF
Property Type: Multi-family
2018 B.C. Assessment Value: $1,267,000
Name of Brokerage: CBRE Vancouver
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