Triplex For sale
1462-1464 Village Avenue, South Fort George, Prince George
3+0 bathrooms/half baths
||Rancher/Bungalow W/Bsmt., Split Entry
||In Suite Laundry
This duplex with suite on one side has great long term tenants, is turn-key with management in place, has room to grow rents, and is in a great location close to everything. The right side top has 2 beds, in-suite laundry, newer laminate floors, and is rented $975. The right side bottom also has 2 beds, separate in suite laundry, and is rented $850. The left side is rented to one 15 year tenant that pays $1009 plus utilities and has great potential for creating a 4th suite with separate entry, top floor laundry already in, and big bright unfinished area that would be an easy kitchen. Total actual rents of $2834 make for an attractive 8.7% CAP rate. Rent increases are due in all units and putting in an extra suite could make for a CAP rate well over 10% which is very rare in a decent area.