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1921 UPLAND Street in Prince George: Van Bow Multi-Family Commercial for sale in "VAN BOW APARTMENTS" (PG City Central) : MLS®# C8048838

1921 UPLAND Street Prince George V2L 2V5 : Van Bow

Main Photo: 1921 UPLAND Street in Prince George: Van Bow Multi-Family Commercial for sale in "VAN BOW APARTMENTS" (PG City Central)  : MLS®# C8048838
$1,799,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8048838
Status:
Active
Build. Type:
Low Rise (2-4 stories)
Great renovated 12 unit apartment building in excellent condition located at the quiet end of Upland Street just below the hospital and near downtown. 9 of 12 units have all new flooring, paint, updated kitchens and 11 of 12 units have new bathrooms. Complex has new roof, new twin boilers and most of the windows have been upgraded to low-E. $144,081.40 gross revenues at list date with operating expenses of $51,863.80 including taxes and management. 10 - two bedroom suites, 1 - one bedroom suite, 1 bachelor suite.
Sale Type:
Asset or Share
Construction:
Concrete
Building Type:
Low Rise (2-4 stories)
Name of Complex/Subdivision:
VAN BOW APARTMENTS
# Bldgs:
1
# Units:
12
# Other Units:
0
# of Appartments:
12
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
1
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
1
# of 2 Bedroom Appartments:
10
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1968 (Age: 55)
Total Floor Area:
Switch units of measure12,072 sq. ft.
Lot Area:
Switch units of measure12,546 sq. ft.
Lot Depth:
100
Lot Frontage:
Switch units of measure125'
Land Use/Zoning:
RM4
Permitted Use:
Multifamily (5+), Residential
Taxes:
$10,161.42 / 2022
Laundry Facility
# Elevators:
0
Services Connected:
Cable, Curb; Gutter, Electricity, Fully Serviced, Garbage Collection, Lane Paved, Natural Gas, Telephone, Sanitary Sewer, Sewer - Storm
Water Supply:
Municipal
HVAC:
Hot Water, Radiant
Roof:
Torch-On
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
No
Cap Rate %:
5.0
Other Income:
$2,400
Effective Gross Income:
$144,108
Gross Income:
$141,708
Oper. Expenses:
$52,206
Net Operating Income:
$89,776
Original Price:
$1,799,000
Listed by Maxsave Real Estate Services
Data was last updated February 6, 2023 at 04:35 AM (UTC)
Mike Hurrell - PREC*