610 Laird St, Fraser Lake is a 31-unit apartment building for sale. Suite mix includes 16 one-bedroom, 14 two-bedroom and 1 three-bedroom apartments. Building was constructed in 1980. It’s known in Fraser Lake as “The Brown Building”.
The Brown Building at 610 Laird St, Fraser Lake has been substantially updated. All units have been renovated over the past few years. Almost 90% of all in-suite flooring, doors, paint and lighting have been updated or replaced. Appliances, cabinetry and fixtures have been replaced when units turn over. As a result of recent upgrades and a long-term maintenance program, you can be confident in the security of your investment.
As a result of a 1,100 person work camp built on the edge of town, the population of Fraser Lake will double in the next 8 months. Take advantage of this unique opportunity for upside and huge cash flow. Cap rate projection of 9.06%.
The Brown Building at 610 Laird St is available by itself or combined with “The Black Building” at 565 Mouse Mountain Drive, Fraser Lake.