Real Estate Investment:  2 Multi-Family Buildings - 2510 Upland Street, Prince George

About This Property                               

All 24 units are rented & the buildings stay fully rented. There is nothing to do but collect the rent. Sommerset Apartments in Prince George is a turnkey investment, with buildings that have been well maintained. With newer roofs, furnaces, hot water tanks, 90% vinyl windows & the units updated, everything has been done. There is in-house coin-operated laundry. Ample parking with a large paved parking lot. This fabulous investment opportunity has 24 apartments consisting of eight 2-bedroom suites, & sixteen 1-bedroom suites. Buildings like this do not come along very often, this could be your chance to own a cash-flowing multi-family apartment building. Prince George has a diverse local economy and a stable real estate market.

Features

  • 2 Buildings, 24 Units
  • Built in 1971
  • Monthly rental income: $18,195

Asking Price: $2,499,000

Initial Cash Required: $830,000

Monthly Cash Flow: $1,735

Annual ROI: 15%

Profit after 10 Years: $1,300,000

   

   

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info