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1933 SPRUCE Street in Prince George: Van Bow Multi-Family Commercial for sale (PG City Central) : MLS®# C8048865

1933 SPRUCE Street Prince George V2L 2R5 : Van Bow

Main Photo: 1933 SPRUCE Street in Prince George: Van Bow Multi-Family Commercial for sale (PG City Central) : MLS®# C8048865
$840,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8048865
Status:
Active
Build. Type:
Low Rise (2-4 stories)
This centrally located 6 unit apartment is 100% occupied and close to absolutely everything. Rents are well below market so there is excellent opportunity to fix up units and double rents as tenants turn over. Current income is $4122/month with expenses of approximately $2335 including management meaning that even with the below market rents this property has positive cash flow. Turn this one into a cash cow!
Sale Type:
Asset or Share
Construction:
Concrete
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
# Bldgs:
1
# Units:
6
# Other Units:
0
# of Appartments:
6
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
6
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
0
# Storeys:
2.0
Year built:
1977 (Age: 46)
Total Floor Area:
Switch units of measure5,700 sq. ft.
Lot Area:
Switch units of measure9,180 sq. ft.
Lot Depth:
100
Lot Frontage:
Switch units of measure91'10"
Land Use/Zoning:
RM4
Permitted Use:
Multifamily (5+), Residential
Taxes:
$4,996.84 / 2022
Balconies, Laundry Facility
Services Connected:
Cable, Curb; Gutter, Electricity, Fully Serviced, Garbage Collection, Lane, Lane Paved, Paved Streets, Sanitary Sewer, Sewer - Storm, Sidewalk
Water Supply:
Municipal
HVAC:
Baseboard, Common Water Heater
Roof:
Torch-On
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
No
Cap Rate %:
3.2
Other Income:
$0
Effective Gross Income:
$49,464
Gross Income:
$49,464
Oper. Expenses:
$21,196
Net Operating Income:
$27,526
Original Price:
$840,000
Listed by Maxsave Real Estate Services
Data was last updated February 6, 2023 at 04:35 AM (UTC)
Mike Hurrell - PREC*
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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