Fourplex for sale
1451-1455 Milburn Avenue, VLA, Prince George
$499,000
Features
Style
Split Entry
Year Built
1974
Floor Area
3,648 sqft
Lot Size
5,805 sqft
Lot Frontage
56 ft
Parking Spaces
4
Property Taxes
$4,425 (2024)
Description
FLEXIBLE & PROFITABLE INVESTMENT OPPORUNITY with an impressive potential 8% CAP RATE derived from $63,000 in ANNUAL RENTAL REVENUE ($5,500 monthly)! Ideal for First Time Investors or those looking to Safely Expand their Investment Portfolio. This 4-PLEX with: two 3 bed units + one 2 bed + one 1 bed, is located in the heart of Prince George, just 5 min from the bustling downtown area and a mere 10 minutes from UNBC, plus walking distance to school and transit. Partial renovations have been started, offering you the chance to enhance its value further and/or tailor it to current higher rental rates. This is more than just a property; it is YOUR GOLDMINE, promising both Immediate Income and Long-Term Capital Growth, located in B.C.'s "BASECAMP TO THE NORTH"!
MLS® Number R2929718