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1121 Old Lakelse Lake Dr 4 Unit Apartment Building $558,913 USD ($139,728 USD/Unit) 9.70% Cap Rate Terrace, BC V8G 0G5
Investment Highlights
- New well and septic
- Excellent returns
- Mountain view
Executive Summary
Substantially rebuilt in 2017 this gorgeous multifamily home is nestled on 5 acres just a short distance from Lakelse Lake between Terrace and Kitimat. Ideal for those who are working in Kitimat, but have Terrace ties. This home offers modern beauty and country living in one package. Two one-bedroom units below , very spacious 2 bedroom main suite and a 1-bedroom Batchelor suite are fully tenanted. This building and property is in exceptional condition, with newer well and septic, making services simple and worry free! Investors, this provides excellent returns in the 9.7% range, and if you want a home with two to three mortgage helpers, look no further!
Property Facts
| Price | $558,913 USD | Apartment Style | Low-Rise |
| Price Per Unit | $139,728 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 5.43 AC |
| Cap Rate | 9.70% | Building Size | 3,150 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1983 |
| Price | $558,913 USD |
| Price Per Unit | $139,728 USD |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.43 AC |
| Building Size | 3,150 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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1121 Old Lakelse Lake Dr
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