William Wright Commercial is pleased to announce the sale of Terrace View Apartments, located in the lively community of Campbell River. This three storey 50-unit rental apartment building is positioned on 1.25 acres of land, overlooking downtown and the ocean. This building has a fantastic unit mix of large 1, 2, and 3 bedrooms.
Campbell River has a .05% vacancy rate and there is significant upside to the rents in this building. Currently the rents are 20% under market and fully stabilized. This building will achieve a 6.6% cap rate.
951 & 961 Cedar Street, Campbell River,
± 39,450 SQFT
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