We just completed the $6.2 million sale of this multifamily building in Nanaimo. We acquired this property back in 2019, but the market changed our plans a bit, so we ended up hanging on to it until the right opportunity presented itself.
FUNDED: 100%
STATUS: Sold
Purchase
$3.37M
After Repair Value
$4.86M
Net Gain
$434K
Property type: Multi-family
Building type: stratified rental
Number of Units: 27
Investment Type: joint venture
Projected Annual Return: 15%
Total Equity Required: $1.2M
Minimum Investment: 150,000
SOLD FOR $6.2M
