Real Estate Investment:  Triplex - 615 Gillett Street, Prince George

About This Property                               

3 Unit duplex in great central location. Totally updated in 2016 and currently fully rented for $3,695/month. Located walking distance to transit and close proximity to Spruceland Mall, hospital and downtown. Ground floor unit is a large 3 bed 1 bathroom and upstairs are two X 2 bed 1 bath units. All the units are bright and airy with nice layouts. Shared laundry and ample parking. Some updates include windows, doors, electrical, siding, kitchens, flooring and insulation. All measurements approximate and to be verified if deemed important.

Features

  • Built in 1961
  • 0.14 Acre Lot
  • 2,678 SQFT Building
  • $3,695 / month gross rent
  • Market rents would net $400 more

Asking Price: $599,000

Initial Cash Required: $133,000

Monthly Cash Flow: $417

Target Annual ROI: 27%

Target Profit if sold after 10 Years: $360,000


    

   

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info