816 12th STREET W Prince Albert ( Saskatchewan, CA - S6V 3C5) Built

$1,295,000

Royal LePage Icon Realty

Royal Lepage Icon Realty Royal Lepage Icon Realty 306-922-5322 (Office) 306-960-7101 (Cell) Request More Info

  • Type: Multifamily
  • Style: Row/Townhouse
  • Garage: "Parking Space(s): 32"
  • Parking Space(s): 32
  • Lot Size: 32680 sq. ft. 109.7ft
  • Year Built: 1912
  • Taxes: $25,188.00 (2021)
  • MLS ® #: SK893424

Description

Incredible opportunity with this 22-unit Rowhouse complex. 21- 2-bedroom units plus 1 unit that has been converted into office/storage and laundry room for the complex. Could be converted into 1 bedroom suite and keep laundry where it is. Rents are below market value and could be raised to increase revenue by more than $25,000 per year. All units have front and back access, furnace, and water heaters. Tenants are responsible to pay all utilities. Updates include all windows and furnaces plus roof has been resurfaced. Units are also renovated as needed. Property is currently owner managed for the last 20+ years but a Professional Property Management company is available at 6% of gross rent. Vacancy rate is very low, and units are incredibly easy to rent. Listing price is below recent appraisal value.

Highlights

  • Interior Features: Flooring: Wood
  • Exterior Finish: Stucco
  • Heating: Forced Air, Natural Gas
  • Extra Features: Amenities: Shared Laundry, Storage, Visitor Parking
  • Equipment Included: Fridge, Stove
  • Construction: Wood Frame
  • Outdoor: Lawn Back
P2#1368938494
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Information is deemed to be correct but not guaranteed.

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