Real Estate Investment:  Multi-Family Building in Port Alberni - 5038 MONTROSE St.

About This Property                               

This 10 suite apartment building is completely rented out and is located in a quiet South Port neighborhood. Walking distance to all amenities including shopping, restaurants, banking and the popular Harbour Quay. Each suite in this solidly built building has its own entrance, meters, hot water tanks and exterior lights. This apartment complex backs onto City green space and has amazing views of the Alberni Inlet and surrounding mountains. Try and find this high of a return with a 7% Cap Rate anywhere on Vancouver Island.

Features

  • 10 Units
  • Built in 1954

Asking Price: $950,000

Initial Cash Required: $334,000

Monthly Cash Flow: $1,552

Annual ROI: 21%

Profit after 10 Years: $715,000

   

   

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