SOLD side-by-side apartment buildings at 752 & 772 Stuart Ave, Fort St James. Cash-flow is king at this high-revenue lake-front opportunity in the northern British Columbia community of Fort St James. Earn a staggering 11.36% cap rate on actual fiscal year income. Pending rental price increase boost returns to 11.58%
These two side-by-side buildings feature fantastic lakeside location and views from all west-facing suites. Stable tenants and fast- moving local economy epitomize this investment.
Birch Villa at 772 W Stuart Drive is an 11-suite gem built in 1973. All units are one-bedrooms.
Lakeview Apartments at 752 W Stuart Drive is the neighbouring 14-suite building constructed in 1972. It contains one bachelor unit and the remainder are two-bedroom units.
Fort St James enjoys a booming economy and strong economic projections. Vacancy rate is close to zero. Actual building vacancy over the past 12 months is just 0.67%. Yes, you read that correctly: less than 1% vacancy! Act fast!!
Read more about Fort St James HERE.
Combine bold entrepreneurship, incisive analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services,…