Multi-family for sale
1595 Ingledew Street, Millar Addition, Prince George
$3,288,000
Features
Year Built
Old Timer
Floor Area
16,500 sqft
Lot Size
16,500 sqft
Gross Property Tax
$25,584.34 /year
Building Type
Low Rise (2-4 storeys)
Building / Complex Name
Jacobs Apartments
Zoning
RM4
Suite Mix Information
x Bachelor/Studio, 8 x 1 ½, 6 x 2 ½
Total no. of Units
29
Description
Jacobs Apartments, nestled in the quiet area of the Miller Addition in Prince George is a turnkey investment, that has been well maintained through the years. Sitting on 5 lots, this fabulous investment has 29 units consisting of six 2-bedroom suites, eight 1-bedroom suites & fifteen studios that are fully rented, rarely has a vacancy & has great cash flow . There is in-house laundry which the seller owns, storage lockers & ample parking with 25-30 stalls with plug ins. Rental increases in conjunction with market growth, will let a savvy investor have the opportunity for a projected cap rate that will be higher. Buildings like this do not come along very often & this could be your chance to own a cash-flowing multi-family property that is very easy to manage remotely. Prince George has a diverse local economy and a stable real estate market. Lot size measurement is taken from Tax Assessment, all measurements are approximate and all information is to be verified by buyer if deemed important.
MLS® Number C8067709