Northern 12plex, 4 Crysdale Drive, Mackenzie Northern BC

$496 500
MLS No: C8008739
Property type: Apartment Building
Area (Sq Ft)
10,225
Units
12
Price Per Unit
41,375
Cap Rate
9.15
GRM
4.00

Specifications

  • Land Size: 24,394 Sq Ft
  • Year Built: 1980

Description

SOLD apartment building at 4 Crysdale Drive, Mackenzie.

Value add investment opportunity in bustling Mackenzie, BC. Renovate, add value and reap the rewards in this low-vacancy town.

Building has an excellent suite mix with six 3- bedrooms, five 2-bedrooms and one 1- bedroom unit.

Recent improvements include hot water pump replacement (2016), municipal water main replacement (2013), fire alarm system upgrade (2004) and torch-on membrane roof (1999).

Interiors of suites could benefit from surface refresh: paint, carpets and flooring. Some appliances could also be replaced. Further upgrades to hot water system should be investigated.

Rents in town are excellent. Three bedrooms rent for $1,100+ per month. Two bedrooms rent for $850 – 1,000 per month. One bedrooms rent for $600 – 800 per month.

Purchase. Update. Profit!

Contact the Agent

Seth Baker

Managing Broker & Owner
Phone
(778) 235-9293
Fax
(778) 650-0350
Address
119 W Pender St, Suite 104
Vancouver, BC, V6B 1S5
Combine bold entrepreneurship, incisive analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services, Seth founded his own real estate brokerage company dedicated to selling some of the world’s most valuable apartment buildings. He is a master communicator and skillful analyst. He has a diverse background with a unique combination of street smarts, business, and data technology. This background allows Seth to maintain priceless market data while building powerful relationships with multifamily investors and developers. Ask him about how to get people to agree. It’s his secret talent. Seth Baker has led an impressive career in real estate brokerage. He is personally responsible for more than $125,000,000 in real estate sales, a number that’s growing daily.  He has contributed to a number of industry organizations including LandlordBC, Vancouver Board of Trade, BC Non-Profit Housing Association, Greater Vancouver Home Builders Association and Urban Development Institute.…




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