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1172 W Fraser Rd - 1172 WEST FRASER ROAD 9 Unit Apartment Building Offered at £467,254 at a 8% Net Initial Yield Quesnel, BC V2J 6H8
EXECUTIVE SUMMARY
Charming and private property featuring a main house and 8 rental units with a potential rental income of over $6,800 per month. The owner offers vendor financing. The main house is a 2-bed 2-bath manufactured home positioned on top of a fully finished basement suite. It features a covered patio along with a 1-port garage. Rental units house long term tenants and are never vacant. All rental units feature full kitchens and private entrances. Each unit is complete with a separate gas and electricity meter with accounts setup by the tenants. No need to worry about additional storage as the property comes complete with a 2-port detached garage. With steady income potential and peaceful rural settings this is a great investment opportunity offering a cap rate of 8% at asking price.
PROPERTY FACTS
| Price | £467,254 | Total Plot Size | 3.55 ac |
| Price Per Unit | £51,917 | Property Size | 7,950 sq ft |
| Sale Type | Investment | Average Occupancy | 100% |
| Yield | 8% | No. Floors | 1 |
| No. Units | 9 | Year Built | 1972 |
| Property Type | Build-to-Rent | Parking Allocation | 0.38/1,000 sq ft |
| Use Class | R2 | ||
| Price | £467,254 |
| Price Per Unit | £51,917 |
| Sale Type | Investment |
| Yield | 8% |
| No. Units | 9 |
| Property Type | Build-to-Rent |
| Total Plot Size | 3.55 ac |
| Property Size | 7,950 sq ft |
| Average Occupancy | 100% |
| No. Floors | 1 |
| Year Built | 1972 |
| Parking Allocation | 0.38/1,000 sq ft |
| Use Class | R2 |
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1172 W Fraser Rd - 1172 WEST FRASER ROAD
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