About This Property
Turnkey 7-unit multi-family investment in Stewart, BC delivering strong cash flow and an 11.2% cap rate. Fully rented, generating $27,000/month ($324,000 annually) with seven 3 bed, 1.5 bath units ideal for long-term and corporate tenants. Extensively renovated by professional contractors, including roof, windows, doors, electrical, plumbing, insulation, and heating systems. Interiors feature vinyl plank flooring, updated kitchens/bathrooms, modem appliances, dishwashers, and in-suite laundry. Tenants pay utilities, supporting strong net income. Situated on a 0.69-acre RM1-zoned lot with open parking. Price per door of $357,128. Proven low vacancy with full occupancy since renovations. Opportunity to expand market share with additional acquisitions in the area. Stable, low-maintenance asset in a supply-constrained, resource-driven market. (id:64973)
At $285 per square foot, this 7-unit multi-family investment in Stewart, BC offers a compelling value proposition compared to the local market. The property's strong cash flow potential, with an impressive 11.2% cap rate, makes it an attractive option for real estate investors seeking a stable, high-yielding asset.
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