Bert Bowes / Ma Murray
Excellent opportunity to add a cash flowing property to your portfolio at an approx 7% CAP rate in North East BC - Canada's strongest economic corridor!
Walking distance to both middle and elementary schools as well as major amenities of the downtown core, this building is an excellent location for all families looking for affordable living while enjoying all that Fort St John has to offer. Building is comprised of 7 * 2 Bedroom Units and 4 * 1 Bedroom units.
Building offers coin operated laundry, adequate powered parking stalls - and several of the units have been extensively renovated. One unit (203) has just completed a top to bottom renovation (new kitchen, flooring, trim, paint, appliances) and has been leased. The laundry and mechanical rooms were all just re-finished including flooring, trim, paint. Unit 103 is undergoing a renovation right now and should fetch approx $1,000 per month when finished.
Large hot water tank was just replaced in November. Roofs appear to be in good condition with no leaking.
Each unit has it's own power meter and electric baseboard heat paid by the tenant to keep utility costs down.