The Largest Number of Homes for Sale
Multi-family for sale
1933 Spruce Street, Van Bow, Prince George
$659,000
$659,000
Multi-family for sale
1933 Spruce Street, Van Bow, Prince George
Features
Year Built
1977
Floor Area
5,700 sqft
Lot Size
9,180 sqft
Gross Property Tax
$6,839.34 /year
Building Type
Low Rise (2-4 storeys)
Zoning
RM4
Subject Property Width
90 ft
Subject Property Depth
102 ft
Amenities
Balconies, Laundry Facility
Suite Mix Information
6 x 1 ½
Total no. of Units
6
Financial Summary
$6,334,200
Description
This centrally located six-unit apartment is 100% occupied, has nice cash flow and is close to absolutely everything. Rents are below market so there is excellent opportunity to fix up units and increase rents as tenants turn over. Current stabilized Annual Property Operating Data (APOD) income of $5,278.53/month with expenses of approximately $2,290 including management meaning that even with the below market rents this property has strong positive cash flow. Property has professional management in place.
MLS® Number C8070687