7925 SOUTHRIDGE Avenue, Prince George, British Columbia V2N6S4

Property Description

These two side-by-side legal 4-plexes are brand new, fully rented, and are in one of the best neighborhoods and school catchments in Prince George. Together they boast five 3-bedroom suites, one 2-bedroom suite and two 1-bedroom suites all rented for a total of $18,478 par month. Stabilized expenses excluding financing but including management are only $5,759.50 per month meaning this property can generate some serious cash flow. While being sold as a package, each 4-plex is individually titled so the lower non-commercial down payment requirements of 20% can apply. Worried about maintenance? Property is covered by 10-5-2 warranty and will not have issues for years to come. (id:5764)