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
• $9,470 Monthly Rent
• $5,939 taxes
• $5,000 annual maintenance
• $3,750 annual insurance
• $1,573 annual utilities 

WITH 25% DOWN PAYMENT

• 5.8% cap rate
• $2,368 / month Cash Flow
• Total Cash Invested: $399,400
• 5 Year ROI: 120%
• 10 Year ROI: 282%

Cash Flow Pro Forma