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2575 OAK Street in Prince George: VLA Multi-Family Commercial for sale (PG City Central (Zone 72)) : MLS®# C8043849

2575 OAK Street Prince George V2L 4X6 : VLA

Main Photo: 2575 OAK Street in Prince George: VLA Multi-Family Commercial for sale (PG City Central (Zone 72))  : MLS®# C8043849
$999,900
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8043849
Status:
Active
Build. Type:
Low Rise (2-4 stories)
Completely re-built after a fire, this essentially new 6-plex is fully rented and completely turn key with management already in place. Gross rents are currently $75,300.00 with expenses of $29,302.57 for a CAP rate of approximately 5%. All units are in like new condition and the complex is in a good central location close to downtown and all amenities.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# of Appartments:
6
# of 1 Bedroom Appartments:
1
# of 2 Bedroom Appartments:
5
# Storeys:
3.0
Total Floor Area:
Switch units of measure4,200 sq. ft.
Lot Area:
Switch units of measure9,583.8 sq. ft.
Lot Frontage:
Switch units of measure84'
Land Use/Zoning:
RM2
Permitted Use:
Residential
Taxes:
$2,072.17 / 2021
Balconies
Services Connected:
Cable, Curb; Gutter, Electricity, Fully Serviced, Garbage Collection, Natural Gas, Telephone, Street Lighting
Water Supply:
Municipal
HVAC:
Baseboard, Common Water Heater, Radiant
Roof:
Torch-On
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
No
Cap Rate %:
4.74
Other Income:
$1,440
Effective Gross Income:
$76,740
Gross Income:
$75,300
Oper. Expenses:
$29,302
Net Operating Income:
$47,437
Original Price:
$999,900
Listed by Maxsave Real Estate Services
Data was last updated May 23, 2022 at 04:10 PM (UTC)
Mike Hurrell - PREC*