Strathern St Port Alberni x2

Investment Details

  • Property Type: 2 four plexes side by side (8 units)
  • Purchase: April 2022 - Present
  • Purchase Price: $1,210,000
  • Current Value: $1,300,000
  • Revenue: $6,500

About the Investment

Managed to grab 2 small multi family units on a street I already own a house on.

Most units are under rented, but we got a good enough deal on the properties that they won’t be negative cashflow for long. Once a few units are turned over, the property will perform fairly well. Once all the units are turned over (which might take a year or two) the cashflow will be very strong.

Looking forward to getting to work on the newest addition to the portfolio!

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