Fantastic opportunity to add quality updated buildings showing a CAP rate of approx 7.2% to your portfolio in a perfect downtown location in Canada's strongest economic corridor - Fort St John and North East BC!
Each building offers eleven 2 bedroom units and one 1 bedroom unit as well as coin operated laundry facilities. Many units have been updated including flooring, cabinetry, appliances and more.
Excellent location in downtown Fort St John, literally a short walk to all major amenities in town making these a perfect location for young families (close to elementary and middle schools) or couples looking for an affordable place to live while enjoying all that the downtown core has to offer.
Notes: Attached Financials are from the Property Management Company. Of note, many of the suites have been renovated upon a tenant vacating - and this renovation expense has been captured as 'maintenance', when generally it should be recorded as a capital expense. The estimate for the proper maintenance budget is $17,000 per year. In addition, the cable expense in the utility section has been removed from the building and is no longer present nor an expense.
Call Mitch Collins - Your Personal Investment Realtor today for a fully detailed information package of this unique opportunity!