Real Estate Investment:  3 Unit Duplex - 607-615 Gillett Street, Prince George

About This Property                               

ATTENTION INVESTORS! 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

Asking Price: $599,000

Initial Cash Required: $139,000

Monthly Cash Flow: $477

Target Annual ROI: 28%

Target Profit if sold after 10 Years: $390,000


   

   

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