Real Estate Investment:  Multifamily Building - 1148 Oscar St., Victoria

About This Property                               

Fantastic revenue opportunity in Cook Street Village. 9 legal units plus additional accommodation, including a stunning owner's suite with views of Beacon Hill park and the Olympic Mountains. Crisp and clean with excellent systems, all new appliances and coin-op laundry. Good tenants in place and management available. Each unit is self contained with kitchens, bathrooms, separate hot water tanks, and separate meters. 5% cap rate. Documents and tenancy agreements provided to qualified buyers. This is a unique and quality multi-unit building in an unbelievable location! A short stroll to Dallas Rd. waterfront, Beacon Hill Park, restaurants, town and bus routes. Plenty of off-street parking with a low maintenance garden to boot!

Features

  • Built in 1912
  • 12 Suites
  • 7,400 SQFT Lot
  • 7,009 SQFT Building
  • 7 Parking Spots

Asking Price: $4,250,000

Initial Cash Required: $1,412,000

Monthly Cash Flow: $1,885

Annual ROI: 18%

Profit after 10 Years: $2,583,000

   

   

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