752 & 772 Stuart Ave, Fort St James Northern BC

$1 375 000
MLS No: Exclusive
Property type: Apartment Building
Area (Sq Ft)
17,200
Units
25
Price Per Unit
55,000
Cap Rate
11.48
GRM
6.32

Specifications

  • Land Size: 38,899 Sq Ft
  • Year Built: 1973

Description

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.

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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