9715 102 Avenue, Fort St. John - City NE, Fort St. John

$1,400,000 |   MLS® Number  C8067428

Multi-family for sale in Fort St. John - City NE, Fort St. John, Fort St. John, 9715 102 Avenue, 224972497 | Realtylink.org

Multi-family for sale

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

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.