31,860 ft2
$2,649,000
This 18-unit townhouse complex presents a compelling investment opportunity in a Central Prince George location. Comprised of 3 separate buildings, the property features 2-storey homes with basements, each offering 3 bdrms & 1.5 baths, with 2 units additionally providing a finished 4th room/den in the basement. Each unit is approximately 1,770 sq ft. Every townhouse includes its own private fenced backyard, enhancing tenant appeal. The complex generates substantial annual rental & offers a strong 7.07 percent cap rate. Extensive interior renovations have been completed over the past 10 years, including updates to kitchens, bathrooms, flooring, & paint, resulting in a modernized living environment & reduced near-term capital expenditure requirements. Ideally located close to elementary & secondary schools, shopping, public transit, and the UHNBC, this property combines stable income, upside potential, & a central location. Turnkey asset for investors seeking reliable cash flow. NDA required (id:46156)
Property Details
|
MLS® Number
|
C8075218 |
|
Property Type
|
Multi-family |
Building
|
Constructed Date
|
1963 |
|
Size Interior
|
31,860 Ft2 |
Land
|
Acreage
|
No |
|
Size Irregular
|
0.99 |
|
Size Total
|
0.99 Ac |
|
Size Total Text
|
0.99 Ac |
https://www.realtor.ca/real-estate/29260259/1309-irwin-street-prince-george