Multi-family for sale
9715 102 Avenue, Fort St. John - City NE, Fort St. John
$1,400,000
Features
Year Built
1967
Floor Area
13,830 sqft
Lot Size
11,600 sqft
Gross Property Tax
$7,855 /year
Building Type
Low Rise (2-4 storeys)
Building / Complex Name
Northlands Apartments
Zoning
RM-2
Suite Mix Information
1 x Bachelor/Studio, 5 x 1 ½, 8 x 2 ½
Total no. of Units
14
Financial Summary
$150,703
Description
Invest in this updated 14-unit apartment building in Fort St. John, built in 1967 on an 11,600 sq ft lot. It offers a suite mix of 1 bachelor, 5 one-bedroom, and 8 two-bedroom units. The property features seven renovated suites, new hot water tanks, and updated safety systems. It generates over $96,000 in net income annually with a 6.88% cap rate. The Fort St. John market is robust, bolstered by the LNG Canada project—a joint venture involving Shell, PETRONAS, PetroChina, Mitsubishi Corporation, and KOGAS—set to commence exports in 2025, primarily targeting Asian markets.
MLS® Number C8067428