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!
Combine bold entrepreneurship, incisive analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services,…