208 Nelson Avenue Unit# 1-4

Great Investment Opportunity! This 4-plex is situated on a 100' x 115' lot, 3 blocks to downtown. Close to beach, marina, and all amenities. 2 upper units, and 2 lower units with covered entry - the lower units are ground level access, upper units have stair access. All four are 2 bedrooms, kitchen, nice sized living area and full bath. Each unit is approximately 670 sq. ft. They each have their own hot water tank and 3 units are on separate hydro meters. Lower Unit 2 was just totally renovated in August, 2024. There is a separate common laundry room (coin laundry) between the 2 upper units. All appliances are included. Zoning is R3 (multi family). All units are occupied.....Present income is $4585.00 per month - unit #1 at present is rented to 1 person for $700/month, with an additional $500 added per month if occupancy changes to 2 people. Laneway access, open parking. Keep the building fully tenanted, or maybe move into one unit yourself, and keep the other 3 as rentals! (id:53361)