About 510 Comox Rd
FOR SALE: McFarlane Court - a 16 unit apartment complex centrally located in downtown Nanaimo steps from the
waterfront, Maffeo Sutton Park and walking distance to a variety of amenities. The four - storey building was constructed
circa 1963 and is comprised of One (1) bachelor, Eight (8) One - bedroom, Four (4) Two - bedroom, Two (2) Three -
bedroom units and One (1) Three - bedroom penthouse unit. McFarlane Court features 16 surface parking stalls, storage
lockers and coin operated laundry. The current owner has completed extensive renovations to the building including but
not limited to: new thermo vinyl windows, new sliding doors, new aluminum railings, exterior paint, and a full conversion
from oil water heater to natural gas in 2015. There is upside in rental rates as units turnover. 4.14% actual
capitalization rate based upon existing net income and current asking price.
Commercial Sale home for sale in Nanaimo, BC at 510 Comox Rd.
Amenities of 510 Comox Rd
| Utilities |
Natural Gas To Lot
|
| View |
City, Ocean
|
| Is Waterfront |
No
|
| Has Pool |
No
|
Interior of 510 Comox Rd
| Heating |
Baseboard, Electric, Natural Gas
|
| Cooling |
None
|
| Fireplace |
No
|
Exterior of 510 Comox Rd
| Exterior Features |
Balcony/Deck, Fencing: Partial, Garden, Security System
|
| Construction |
Frame Wood, Stone, Stucco
|
Map To 510 Comox Rd, Nanaimo
