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Multifamily

15318 North Bluff Road

15318 North Bluff Road, White Rock, BC V4B 3E7

Listing Price: $3,600,000

Cap Rate
3.38%
Number of Units
12
GRM
19.49
Price/Unit
$300,000
Price/Gross SF
$387.31
Gross SF
9,295

Investment Overview

Well-maintained 12-unit apartment building in central White Rock offers a strong going-in cap rate and significant potential for rent increases upon turnover.

Investment Highlights

  • Centrally located along North Bluff Road, with close proximity to restaurants and shopping along Johnston Road.
  • The Property has been well maintained with a strong suite mix including 2 x bachelors and 10 x 1-Bedrooms.
  • A strong going-in cap rate with potential to increase rents upon turnover.
  • Smaller building allows the potential purchaser to self manage, saving on management fees.

Exclusively Listed By

Multifamily

15318 North Bluff Road

Listing Price: $3,600,000

Cap Rate
3.38%
Number of Units
12
GRM
19.49
Price/Unit
$300,000
Price/Gross SF
$387.31
Gross SF
9,295

Investment Highlights

  • Centrally located along North Bluff Road, with close proximity to restaurants and shopping along Johnston Road.
  • The Property has been well maintained with a strong suite mix including 2 x bachelors and 10 x 1-Bedrooms.
  • A strong going-in cap rate with potential to increase rents upon turnover.
  • Smaller building allows the potential purchaser to self manage, saving on management fees.

Investment Overview

Well-maintained 12-unit apartment building in central White Rock offers a strong going-in cap rate and significant potential for rent increases upon turnover.

Exclusively Listed By

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