THE PERFECT STORM.... WITH TODAY'S LOW APARTMENT MORTGAGE RATES.
Victoria Apartment building investors are paying higher prices for existing and New apartment building complexes.
In turn, Victoria Apartment investors are seeing better rates of return on their apartment investments with the lower apartment mortgage interest rates.
I recently Sold two Apartment complexes(picture of one of the buildings above) in Victoria that showed almost an 5 cap rate and with the 2.65 % mortgage, the Return on the buyer's cash Investment (ROI) was over 8%.
I recently Sold a New 60 Suite Apartment Investment. The Apartment Building complex offered all the latest new building code new standards and amenities important to keeping good Tenants, like Underground Parking for each tenant and Heat Pumps in each suite for added cooling comfort in the Summer and Reduced tenant Heating Costs in the Winter months
I have been selling Income producing Properties and NEW Apartments in Victoria and Vancouver Island Since 1971. Talk to me anytime about Victoria Apartment Investments, 250-413-7042 email me fred@fredcarver.com
Put me to Work, my experience will make a difference