Apartment Property Sold

Nightingale Apartments

Summary

CIVIC ADDRESS 719 Nightingale Crescent
Nanaimo, BC
SITE AREA 18,589 Sq. Ft.
SUITE MIX 3 Bedrooms - 10
FINANCING Clear Title
OCCUPANCY 100%
FINANCING Clear title
PARKING Surface Parking with Covered Stalls
STATUS Sold

The Opportunity

The CBRE National Apartment Group - BC  is pleased to present the exclusive opportunity to acquire the Nightingale Apartments which is a stratified 10-suite apartment building consisting of all 3-bedroom units and well located across the street from the Nanaimo Regional General Hospital.

3-bedroom rental units are rare and hard to find in the Nanaimo rental market. The combination of the 3-bedroom suites and the buildings proximity to the hospital will allow investors to attract quality tenants and drive revenue.

Investment Highlights

LOCATION
The property’s proximity to the Nanaimo Regional Hospital and surrounding medical related clinics and businesses will allow it to attract and retain quality tenants.

UNIQUE SUITE MIX
It is unique to find an apartment building consisting of all 3-bedroom suites which are rare in the Nanaimo rental market and will allow investors to drive revenues.

VALUE-ADD OPPORTUNITY
Current rents are below market rental rates presenting investors with the opportunity to increase rents to market on turnover.

Property Photos

Address:
Nanaimo, BC