Kitimat, BC Apartment Complex for Sale 30 Units

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Midtown Apartments presents a high-yield multifamily opportunity (30 Units - Two Bedroom) with immediate and long-term upside. The property is currently generating $504,000 annually at 83% occupancy ($1,680/unit), offering a solid 7.7% cap rate. At full occupancy with stabilized rents of $2,200/unit, annual income would rise to $792,000—representing a 57% increase and a projected 15% cap rate. Additional value exists through an 18-unit expansion (14,400 Sq Ft), all located near major LNG Canada employment centers. This turnkey asset delivers both strong current cash flow and significant future appreciation potential the strategic value of this location is rapidly increasing

post id: 7890638420

posted: 2025-10-23 10:03

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Kitimat, BC Apartment Complex for Sale 30 Units - office &...