Real Estate Investment - 7 Plex in Nanaimo

7 Unit Multi-Family Building


Located just a 7 minute walk to the heart of downtown Nanaimo, this 7-plex offers 6 x 1 bedrooms, 1 x 2 bedroom plus an office space.  The front building is a duplex that has been recently renovated and the back building features 5 units and was built in 2012.  The area has extremely low vacancy and there is room to bring rents up to market value. Zoned commerical / mixed use.   Rezoning and desification potential. 


Financial Breakdown

  • $1,450,000  Purchase price
  • $7,600 Monthly Rent
  • $5,939 taxes
  • $5,000 annual maintenance
  • $3,750 annual insurance
  • $1,573 annual utilities 

WITH 30% DOWN PAYMENT

  • 4.8% cap rate
  • $1,164 / month Cash Flow
  • Total Cash Invested: $487,900
  • 5 Year ROI: 70%
  • 10 Year ROI: 182%


Cash Flow Pro Forma

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