The Largest Number of Homes for Sale
Multi-family for sale
9827 97 Avenue, Fort St. John - City SE, Fort St. John
$1,249,800
New property
$1,249,800
Multi-family for sale
9827 97 Avenue, Fort St. John - City SE, Fort St. John
Features
Year Built
1979
Floor Area
8,875 sqft
Lot Size
12,197 sqft
Gross Property Tax
$7,647 /year
Building Type
Low Rise (2-4 storeys)
Zoning
RM-2
Subject Property Width
80 ft
Subject Property Depth
150 ft
Suite Mix Information
1 x Bachelor/Studio, 5 x 1 ½, 6 x 2 ½
Description
12-unit walk-up in downtown Fort St. John, fully occupied. Built 1979, three storeys, wood-frame on two combined lots totalling 11,993 sf. RM-2 high-density zoning. Mix is one bachelor, five one-bedrooms and six two-bedrooms. In-place rents sit 20.7% below appraised market rents, leaving $18,912 of annual upside at full lease-to-market. Stabilized pro forma NOI is $84,080, a 6.73% cap at list. Walk Score 91, central to services and transit. Surface parking and common laundry on-site. Fort St. John anchors a $90 billion-plus regional capital pipeline through 2035: LNG, pipelines, Site C and Montney drilling. CMHC vacancy is 2.4%. Income asset with documented rent upside in a tightening market. Appraisal, rent roll and operating statements available to qualified purchasers.
MLS® Number C8079989