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1921 UPLAND Street in Prince George: Van Bow Multi-Family Commercial for sale (PG City Central (Zone 72)) : MLS®# C8031384

1921 UPLAND Street Prince George V2L 2V5 : Van Bow

Main Photo: 1921 UPLAND Street in Prince George: Van Bow Multi-Family Commercial for sale (PG City Central (Zone 72))  : MLS®# C8031384
$1,379,900
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8031384
Status:
Active
Build. Type:
Low Rise (2-4 stories)
Great renovated 12 unit apartment building located at the quiet end of Upland just below the hospital. 9 of 12 units have all new flooring, paint and 11 of 12 units have new bathrooms. Complex has new roof, new twin boilers and most of the windows have been upgraded to low-E. $122,081.40 gross revenues with operating expenses of $33,601.26 including taxes. 6.41% CAPP at list price although is self-managed so closer to 6% CAPP if you add a manager. Fully rented with 10 - two bedroom suites, 1 - one bedroom suite, 1 bachelor suite. As of May 2020 all tenants paying rent on time and is still 100% occupied.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
12
# Storeys:
3.0
Year built:
1968 (Age: 52)
Total Floor Area:
Switch units of measure0 sq. ft.
Land Use/Zoning:
RM4
Taxes:
$7,758.89 / 2019
HVAC:
Hot Water
Env Assmt Phase:
None
Cap Rate %:
6.41
Other Income:
$2,400
Effective Gross Income:
$122,081
Gross Income:
$119,681
Oper. Expenses:
$33,601
Net Operating Income:
$88,480
Original Price:
$1,379,900
Data was last updated July 3, 2020 at 04:00 AM (UTC)
Mike Hurrell - PREC*