Skip to main content

Multifamily

Town Park Apartments

7205 Pine Drive, Port Hardy, BC V0N 2P0

Listing Price: $3,250,000

Cap Rate
7.66%
Number of Units
71
Price/Unit
$45,775
Price/Gross SF
$25.55
Gross SF
127,195

Investment Overview

The McEvay | Blair Multifamily Group of Marcus & Millichap are pleased to present the opportunity to purchase Town Park Apartments, a four-building 71 unit apartment complex located at the north end of Vancouver Island in Port Hardy. The complex has recently undergone $1.5M of extensive capital upgrades including modern finishes to 84% of the units. Offered at a 7.66% cap rate, the opportunity comes complete with a caretaker and professional property management in a rental market that is currently experiencing near 0% vacancy levels creating secure cash flows for a multifamily rental investment.

Investment Highlights

  • Town Park Apartments is a four-building, 71 unit apartment complex located at the north end of Vancouver Island
  • The complex has recently undergone $1.5M of extensive capital upgrades. These improvements include new roofs to each building, upgraded fire alarms, exterior paint and, LED lighting
  • The opportunity comes complete with a caretaker and professional property management in a rental market that is currently experiencing near 0% vacancy levels

Exclusively Listed By

Multifamily

Town Park Apartments

Listing Price: $3,250,000

Cap Rate
7.66%
Number of Units
71
Price/Unit
$45,775
Price/Gross SF
$25.55
Gross SF
127,195

Investment Highlights

  • Town Park Apartments is a four-building, 71 unit apartment complex located at the north end of Vancouver Island
  • The complex has recently undergone $1.5M of extensive capital upgrades. These improvements include new roofs to each building, upgraded fire alarms, exterior paint and, LED lighting
  • The opportunity comes complete with a caretaker and professional property management in a rental market that is currently experiencing near 0% vacancy levels

Investment Overview

The McEvay | Blair Multifamily Group of Marcus & Millichap are pleased to present the opportunity to purchase Town Park Apartments, a four-building 71 unit apartment complex located at the north end of Vancouver Island in Port Hardy. The complex has recently undergone $1.5M of extensive capital upgrades including modern finishes to 84% of the units. Offered at a 7.66% cap rate, the opportunity comes complete with a caretaker and professional property management in a rental market that is currently experiencing near 0% vacancy levels creating secure cash flows for a multifamily rental investment.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower