Alpine Lodge
10304 95 Ave, Fort St John
Offered at $1,500,000
Units
18
Rentable Sq Ft
13,830
Lot Size
20,702
Year Built
1979
Price Per Unit
$83,333
Cap Rate
6.84%
Description
Alpine Lodge is an 18-suite apartment building for sale in downtown Fort St John. Building contains more than half two-bedroom units and has a strong rent roll. Acquire this cash flow building at an affordable price point. Recent updates include boilers, hot water tank, 10-year old roof, common area flooring, car plug-ins, many appliances, and eight renovated units.
Enjoy rental upside from continued renovations and from a rapidly rising rental market.
Exceptional value at just $83k per unit. Cap rate of 6.84% and investment yield of more than 23%. Inquire today for detailed financial information.
Suite Mix
Specifications
Civic Address · 10304 95 Avenue, Fort St John, BC, V3R 7W4
Legal Description · Lot C Plan PGP25652 Section 36 Township 83 Range 19 Meridian Land District 44 PID 007-516-428
Construction · Wood Frame on Concrete Slab, Wood Siding, Dual Single-Pane Aluminum-Frame Storm Windows
Mechanical · Natural Gas Boilers and Hot Water Tanks, Hot Water Baseboard Heat, 200 Amp Main Panel and 100% Copper Wiring (no pigtails)
Mechanical Improvements · Boilers replaced circa 2007, Roof replaced in October 2013, Front Door replaced in 2014, Hot Water Tank replaced October 2017, Common Area Flooring replaced in 2018, Car Plugs replaced February 2021, Six Exterior Windows Replaced between 2017 - 2022
Insuite Improvements · Completely renovated 6 units (flooring, paint, window coverings, baseboards, closet doors, kitchen/ bathroom fixtures as needed). Partially renovated 2 units (flooring and paint).
Appliances · Fridge, Stove, Hood Fan, Shared Laundry
Rentable Area · Approximately 13,830 Sq Ft
Lot Size · 0.48 Acres (20,702 Sq Ft)
Zoning · RM-2
Year Built · 1979
Total Units · 18
Location
SETH BAKER, CCIM
Managing Broker
Tel: 778 686 3330
Fax: 778 650 0350
MULTIFAMILY REAL ESTATE SERVICES CORPORATION
801 938 Howe Street Vancouver BC V6Z 1N9
Visit us online at https://multifamily.ca
Email: seth@multifamily.ca
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