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393 CARNEY Street in Prince George: Central Multi-Family Commercial for sale in "CARNEY PLACE" (PG City Central) : MLS®# C8048858

393 CARNEY Street Prince George V2M 2K4 : Central

Main Photo: 393 CARNEY Street in Prince George: Central Multi-Family Commercial for sale in "CARNEY PLACE" (PG City Central)  : MLS®# C8048858banner
$1,260,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8048858
Status:
Active
Build. Type:
Low Rise (2-4 stories)
This fantastic 7 unit apartment is in a great central location close to everything and features 6 big updated 2 bedroom walk-out units plus a large storage unit that is currently rented to a business. It is 100% occupied and never hard to find tenants. Current rents are $80,364/year with expenses totaling $30,336.67 but most rents are below market and there is the potential to increase revenues up to over $100,000/year with very little change in expenses or renovations. Professional management in place, new boilers and coin operated laundry. First time offered on MLS.
Sale Type:
Asset or Share
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
Name of Complex/Subdivision:
CARNEY PLACE
# Bldgs:
1
# Units:
7
# Other Units:
1
# of Appartments:
6
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
0
# of 2 Bedroom Appartments:
6
# of 3 Bedroom Appartments:
0
# Storeys:
2.0
Year built:
1987 (Age: 36)
Total Floor Area:
Switch units of measure6,400 sq. ft.
Wrhse Size:
Switch units of measure1,000 sq. ft.
Lot Area:
Switch units of measure9,583.2 sq. ft.
Lot Depth:
115
Lot Frontage:
Switch units of measure83'4"
Land Use/Zoning:
RM2
Permitted Use:
Multifamily (5+), Residential
Taxes:
$6,076.34 / 2022
Laundry Facility, Visitor Parking
Services Connected:
Cable, Curb; Gutter, Electricity, Fully Serviced, Garbage Collection, Lane Paved, Natural Gas, Paved Streets, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Common Water Heater, Hot Water, In-Floor
Roof:
Torch-On
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
No
Cap Rate %:
4.0
Other Income:
$1,440
Effective Gross Income:
$80,598
Gross Income:
$80,364
Oper. Expenses:
$30,118
Net Operating Income:
$5,048,035
Original Price:
$1,260,000
Listed by Maxsave Real Estate Services
Data was last updated January 31, 2023 at 04:40 AM (UTC)
Mike Hurrell - PREC*