About This Property
Cypress Garden Apartments. 64 suite apartment building with a well balanced suite mix featuring a unique 3750 sq ft Penthouse boasting breathtaking views. Situated in the Brechin Hill neighbourhood, located steps from the scenic seawall and within walking distance to downtown Nanaimo. This property offers investors the opportunity to acquire a large scale apartment building that has been privately owned and managed for over 35 years. Well maintained receiving numerous capital upgrades. Represents a rare opportunity to acquire a property of scale with strong cash flow potential in one of British Columbia's fastest growing municipalities. (id:64973)
At $179 per square foot, this Nanaimo multi-family property is priced competitively compared to the city's average of $225 per square foot for similar apartment buildings. Cypress Garden Apartments presents an attractive opportunity for investors seeking a sizable income-generating asset with potential for rent increases and capital appreciation in the rapidly growing Brechin Hill neighbourhood.
Property Details
Location
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