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571 Albert St
Na Central Nanaimo Nanaimo V9R 2W1

$2,789,999
Commercial Sale

Main Photo: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
Photo 1: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
Photo 2: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
Photo 3: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
Photo 4: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
Photo 5: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
Photo 6: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
962439
Vendor Financing Available; Seize the opportunity to invest in a lucrative venture with this meticulously maintained 10-unit building, constructed in 2019 and boasting a robust rental income exceeding $10,000+utilities. Situated in a prime location, this property enjoys proximity to an array of amenities, including transit hubs, ferries, float planes, shopping centers, malls, schools, parks, & churches. 100%occupancy & waitlist for tenancy, underscores the desirability of this investment. Beyond its strategic location, the building is distinguished by its impeccable management, cleanliness, and a roster of exemplary tenants. With the seller retiring, an enticing option for vendor financing further enhances the appeal of this offering. Whether you're a seasoned investor or aspiring landlord, this opportunity promises to bolster your rental portfolio and generate passive income. Secure your foothold in the thriving rental market by capitalizing on this exceptional investment opportunity.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Business, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
6,623 sq. ft.
Taxes:
Ceiling Heights:
Total Building Area:
6,000 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Units in Building:
Units in Community:
Parking Features:
On Site
Business Type:
Accommodation, Other
Total Units:
Date Listed:
May 01, 2024
Original Price:
2998888.0
  • Photo 1: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
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  • Photo 2: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
    Photo 2 of 6
  • Photo 3: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
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  • Photo 4: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
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  • Photo 5: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
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  • Photo 6: 571 Albert St in Nanaimo: Na Central Nanaimo Multi Family for sale : MLS®# 962439
    Photo 6 of 6
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated November 23, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$874,900
Min list price:
$46,900
Max list price:
$6,995,000
Avg days on market:
76
Min days on market:
9
Max days on market:
206
These statistics are generated based on the current listing's property type and located in Na Central Nanaimo. Average values are derived using median calculations.
Ken Welte
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.