Multi-family for sale

1123-1137 Borden Street, Prince Rupert - City, Prince Rupert

$2,950,000 or
$2,950,000 or

Multi-family for sale

1123-1137 Borden Street, Prince Rupert - City, Prince Rupert

Features

Lifestyle
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Year Built
1962
Floor Area
23,092 sqft
Lot Size
60,548 sqft
Gross Property Tax
$11,733.25 /year
Building Type
Condo Strata Complex, Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Building / Complex Name
Cliffside Apartments
Zoning
RM2
# of Parking Spaces
24
Amenities
Balconies, Emergency Lighting, Secured Building, Visitor Parking
Suite Mix Information
16 x 1 ½, 4 x 2 ½, 4 x 3 ½, 24 x Other
Total no. of Units
24
58

Description

Attention investors! Average $125,000 per unit, already strata titled! (Similar PR condos are selling for twice this) Cliffside Apartments are 24 stratified residential rentals, constructed in 1962 as two 12 unit buildings. Seller owns all 24 units and is selling as one package: 4 - 3-bdrm, 4 - 2 bdrm, & 16 - 1 bdrm units. Almost 20,000sqft of rentable space, for average of 815sqft per unit (only at $150 per sq ft!). Consistent revenues, currently 100% occupied with reliable long-term tenants. Many units have ocean or city views, all in a quiet private setting. Torch-on roofs replaced in 2015, heating system boilers replaced in 2022 & exterior repainted in 2019 all by qualified contractors. Further Potential: Owner is currently renting units although re-selling already stratified titles individually, is a clear option. Located on approx. 1.39 acres with potential expansion for 10-12 more units, without rezoning. Additional 3000sqft basement storage available. Pride of ownership is evident throughout!
MLS® Number C8047648

Listing REALTOR®

Gordon Kobza, REALTOR<sup>®</sup>

Gordon Kobza

REALTOR®

Realty Executives Pr. Rupert

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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