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2575 OAK Street in Prince George: VLA Multi-Family Commercial for sale (PG City Central (Zone 72)) : MLS®# C8043849

2575 OAK Street Prince George V2L 4X6 : VLA

Main Photo: 2575 OAK Street in Prince George: VLA Multi-Family Commercial for sale (PG City Central (Zone 72)) : MLS®# C8043849
$999,900
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8043849
Status:
Active
Build. Type:
Low Rise (2-4 stories)
Completely re-built after a fire, this essentially new 6-plex is fully rented and completely turn key with management already in place. Gross rents are currently $75,300.00 with expenses of $29,302.57 for a CAP rate of approximately 5%. All units are in like new condition and the complex is in a good central location close to downtown and all amenities.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# of Appartments:
6
# of 1 Bedroom Appartments:
1
# of 2 Bedroom Appartments:
5
# Storeys:
3.0
Total Floor Area:
Switch units of measure4,200 sq. ft.
Lot Area:
Switch units of measure9,583.8 sq. ft.
Lot Frontage:
Switch units of measure84'
Land Use/Zoning:
RM2
Permitted Use:
Residential
Taxes:
$2,072.17 / 2021
Balconies
Services Connected:
Cable, Curb; Gutter, Electricity, Fully Serviced, Garbage Collection, Natural Gas, Telephone, Street Lighting
Water Supply:
Municipal
HVAC:
Baseboard, Common Water Heater, Radiant
Roof:
Torch-On
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
No
Cap Rate %:
4.74
Other Income:
$1,440
Effective Gross Income:
$76,740
Gross Income:
$75,300
Oper. Expenses:
$29,302
Net Operating Income:
$47,437
Original Price:
$999,900
Listed by Maxsave Real Estate Services
Data was last updated August 14, 2022 at 04:40 AM (UTC)
Mike Hurrell - PREC*
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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