1555 Oakland Ave

Investor alert! This 5 unit building is truly a turnkey rental and has future potential. With 3 beds, 1 bath on the main ($1,500) and 4 bachelor units above ($495-$500 each unit), your gross rent for the month equates to $3,500 or $42,000 yearly w/ a 5.8% gross cap rate. Built in 1998, this home was built solid and is on an easy care lot w/ a back lane (very rare!) and detached workshop. Just steps to Hillside Mall and on bus routes to UVIC, Camosun, and downtown, this property boasts a prime location and has never had a vacancy. BONUS - 1,012 sq ft unfinished space with 7'5 ceiling height offers future development potential for additional suite (currently a workshop). A rare offering! Realtors note showing schedule.