2021 Spruce Street, VLA, Prince George

$299,000 |   MLS® Number  R2948117

House for sale in VLA, Prince George, PG City Central, 2021 Spruce Street, 262969744 | Realtylink.org

House for sale, 10 rooms, 4 bedrooms, 2 bathrooms

Style
Rancher/Bungalow
Year Built
1952
Floor Area
1,257 sqft
Lot Size
11,200 sqft
Property Taxes
$3,085 (2024)
83

Attention investors!! This unique investment opportunity is a property that is earning a 7% cap rate & has a lot of potential. There are two houses on one lot (2021 & 2029). You can live in one & rent out the other or rent out both places. Each house has its own large size fenced yard & driveway. Each house has two bedrooms & one bathroom, while one of them, has an extra room (den) in the basement. Each property rents for $1,200 each per month (2,400 total) ($28,800 yearly revenue); tenants pay their own gas & hydro. Expenses are city utilities $2,800.00, taxes $3,085.00 & insurance $2,900.00. The yearly net revenue is $20,000.00. Lot size is taken from Tax Ass., all measurements are approx. & all info. to be verified by buyer if deemed important.