Newly renovated, turnkey apartment building for sale with 11 units.
Redwood Manor – 1977 Redwood Street is a turnkey investment. A 5.5% cap rate justifies this investment & gets you a 4 – storey building that is concrete block. 9 of the 11 units are renovated very, very nicely, all have newer decks and the building has a newer roof. All units have their own electric baseboard heat and their own hot water tanks making it easy & inexpensive for an owner. There is in-house laundry. The paved parking lot has 14 stalls. This fabulous investment opportunity has 1-three bedroom unit, 1-two bedroom unit & 9-one bedroom units. Buildings like this do not come along very often, this could be your chance to own a cash-flowing multi-family apartment building. It is walking distance to the hospital, downtown & is on a bus route. Prince George has a diverse local economy and a stable real estate market.