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2212 REDWOOD Street in Prince George: VLA Multi-Family Commercial for sale (PG City Central (Zone 72)) : MLS®# C8037290

2212 REDWOOD Street Prince George V2L 2N6 : VLA

Main Photo: 2212 REDWOOD Street in Prince George: VLA Multi-Family Commercial for sale (PG City Central (Zone 72))  : MLS®# C8037290
$699,900
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8037290
Status:
Active
Build. Type:
Low Rise (2-4 stories)
This solid 6 unit apartment has lots of updates, is in a central location close to downtown and has all long term tenants that have been in the building for many years. It has 2 - 1 bedroom units, 4 - 2 bedroom units, Total income is currently $50,112 including coin laundry and there is lots of room to grow rents to as much as $57,600 at current market rates. It also has separate meters for hydro and heat, newer windows, newer interior doors, heat sensors, redone heating and lots of new flooring and paint. This is a great opportunity for an investor to own their 1st multifamily unit.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
6
Year built:
1971 (Age: 50)
Land Use/Zoning:
RT1
Taxes:
$5,429.16 / 2020
HVAC:
Baseboard, Electric
Env Assmt Phase:
None
Effective Gross Income:
$50,112
Gross Income:
$50,112
Oper. Expenses:
$25,259
Net Operating Income:
$24,852
Original Price:
$699,900
Listed by Maxsave Real Estate Services
Data was last updated April 14, 2021 at 11:10 PM (UTC)
Mike Hurrell - PREC*