( Investor Alert ) South Nanaimo 19 unit Apartment Complex for sale: Ocean Bay Apartments (Listed 2011-10-11)

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• Property Value$1,200,000
• Property Address901 Island Highway South, Ocean Bay Apartments, Nanaimo, BC, Canada
• Type19 unit Apartment Complex
• Est. Property Tax8,133

• Lot Size Area0.98 acres

( Investor Alert ) South Nanaimo

901 Island Highway South, Ocean Bay Apartments, Nanaimo, BC, Canada

Description

INVESTORS ALERT! 19 unit revenue property close to Downtown Nanaimo waterfront with proven positive cash flow. The property comprises of one house, two duplexes, one fourplex and a nineplex with a one bedroom bachelor suite. The house and the two duplexes have had their roofs replaced in 2012 and the rest of the complex in the last seven years. Plumbing and electrical all have been upgraded as well as most toilets have been upgraded to dual low flush. All windows have been changed out to double pain. Three natural gas hot water tanks have been changed in the last couple of years. Well maintained with good quality tenants. Information package available upon request.

Listing Provided By

Sutton Group West Coast Realty