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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*