1451 - 1455 MILBURN Avenue
Prince George
V2L 5A5
$499,000
Multifamily
beds: 9
baths: 4.0
3,648 sq. ft.
built: 1974
- Status:
- Active
- Prop. Type:
- Multifamily
- MLS® Num:
- R2929718
- Bedrooms:
- 9
- Bathrooms:
- 4
- Year Built:
- 1974
- Photos (40)
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FLEXIBLE & PROFITABLE INVESTMENT OPPORUNITY with an impressive potential 8% CAP RATE derived from $63,000 in ANNUAL RENTAL REVENUE ($5,500 monthly)! Ideal for First Time Investors or those looking to Safely Expand their Investment Portfolio. This 4-PLEX with: two 3 bed units + one 2 bed + one 1 bed, is located in the heart of Prince George, just 5 min from the bustling downtown area and a mere 10 minutes from UNBC, plus walking distance to school and transit. Partial renovations have been started, offering you the chance to enhance its value further and/or tailor it to current higher rental rates. This is more than just a property; it is YOUR GOLDMINE, promising both Immediate Income and Long-Term Capital Growth, located in B.C.'s "BASECAMP TO THE NORTH"!
- Property Type:
- Multifamily
- Dwelling Type:
- Fourplex
- Home Style:
- Split Entry
- Year built:
- 1974 (Age: 50)
- Total area:
- 3,648 sq. ft.
- Total Floor Area:
- 3,648 sq. ft.
- Total unfinished area:
- 0 sq. ft.
- Main Floor Area:
- 1,824 sq. ft.
- Floor Area Above Main:
- 0 sq. ft.
- Floor Area Above Main 2:
- 0 sq. ft.
- Floor Area Below Main:
- 0 sq. ft.
- Basement Area:
- 1,824 sq. ft.
- No. Floor Levels:
- 2.0
- Bedrooms:
- 9 (Above Grd: 6)
- Bathrooms:
- 4.0 (Full:4/Half:0)
- Kitchens:
- 4
- Rooms:
- 20
- Taxes:
- $4,425.96 / 2024
- Lot Area:
- 5,805 sq. ft.
- Lot Frontage:
- 56'
- Lot Depth:
- 103.66
- Outdoor Area:
- Fenced Yard
- Water Supply:
- City/Municipal
- Heating:
- Forced Air, Natural Gas
- Construction:
- Frame - Wood
- Foundation:
- Concrete Perimeter
- Basement:
- Full, Fully Finished, Separate Entry
- Roof:
- Asphalt
- Floor Finish:
- Laminate
- Fireplaces:
- 0
- Parking:
- Carport; Multiple, Open
- Parking Total/Covered:
- 4 / -
- Parking Access:
- Front
- Exterior Finish:
- Mixed
- Title to Land:
- Freehold NonStrata
- # 1Bdrm Units:
- 1
- # 2Bdrm Units:
- 1
- # 3Bdrm Units:
- 2
- Income Per Annum:
- 63000.0
- Oper. Expenses:
- 24000.0
- Net Operating Income:
- $39,000
- PARCEL 2 (BEING A CONSOLIDATION OF LOTS K & L, SEE BB550456) DISTRICT LOT 932 CARIBOO DISTRICT PLAN 22118
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 15'5" × 10'8"
- -
- Main
- Dining Room
- 8'10" × 7'
- -
- Main
- Kitchen
- 10'1" × 8'3"
- -
- Main
- Bedroom
- 8'7" × 7'10"
- -
- Main
- Bedroom
- 9'5" × 7'10"
- -
- Main
- Bedroom
- 10'5" × 9'3"
- -
- Main
- Laundry
- 6'8" × 6'3"
- -
- Bsmt
- Bedroom
- 12'9" × 10'10"
- -
- Bsmt
- Bedroom
- 10'1" × 9'5"
- -
- Bsmt
- Kitchen
- 10'2" × 8'9"
- -
- Bsmt
- Living Room
- 14'6" × 8'4"
- -
- Main
- Living Room
- 15'5" × 10'7"
- -
- Main
- Dining Room
- 9'1" × 7'
- -
- Main
- Kitchen
- 9'6" × 8'3"
- -
- Main
- Bedroom
- 8'7" × 7'11"
- -
- Main
- Bedroom
- 9'4" × 7'10"
- -
- Main
- Bedroom
- 10'6" × 9'4"
- -
- Bsmt
- Kitchen
- 9'5" × 8'5"
- -
- Bsmt
- Living Room
- 11'11" × 5'3"
- -
- Bsmt
- Bedroom
- 12'3" × 8'5"
- -
- Floor
- Ensuite
- Pieces
- Other
- Main
- No
- 4
- Main
- No
- 4
- Bsmt
- No
- 4
- Bsmt
- No
- 4
- Property Disclosure:
- Yes
- Fixtures Leased:
- No
- Fixtures Removed:
- No
- Reno / Year:
- Partly / -
- Sprinklers:
- No
- Smoke Detectors:
- Partial
- Services Connected:
- Electricity, Natural Gas, Sanitary Sewer, Water
- Original Price:
- $499,000
-
Parking for both units -
Front side 1451 Milburn
-
Front door 1451 Main
-
Main level - 1451 Milburn
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Main level - 1451 Milburn
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Main level - 1451 Milburn
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Main level - 1451 Milburn
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Main level - 1451 Milburn
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Main level - 1451 Milburn
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Main level - 1451 Milburn (2nd bed)
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Main level - 1451 Milburn (3rd bed)
-
Main level - 1451 Milburn
-
Lower level - 1451 Milburn
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Backyard, facing west
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Lower level - 1451 Milburn
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Lower level - 1451 Milburn (1st bed)
-
Lower level - 1451 Milburn (2nd bed)
-
Lower level - 1451 Milburn - under renovation
-
Front side 1455 Milburn
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Front door 1455 Milburn
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Main level - 1455 Milburn
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Main level - 1455 Milburn - New appliances
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Upper level - 1455 Milburn - new appliances
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Main level - 1455 Milburn
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Main level - 1455 Milburn
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Main level - 1455 Milburn (2nd bed)
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Main level - 1455 Milburn (3rd bed)
-
Upper level - 1455 Milburn
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Upper level - 1455 Milburn
-
Backyard, facing east
-
Lower level - 1455 Milburn
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Lower level - 1455 Milburn
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Lower level - 1455 Milburn
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Lower level - 1455 Milburn
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Lower level - 1455 Milburn (1st bed)
-
Lower level - 1455 Milburn (under renovations)
-
Main Level - 1451 Milburn
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Lower Level - 1451 Milburn
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Main Level - 1455 Milburn
-
Lower Level - 1455 Milburn
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Listed by Royal LePage Little Oak Realty
Data was last updated September 30, 2024 at 01:10 PM (UTC)
Area Statistics
- Listings on market:
- 14
- Avg list price:
- $499,450
- Min list price:
- $279,900
- Max list price:
- $889,000
- Avg days on market:
- 102
- Min days on market:
- 4
- Max days on market:
- 445
- Avg price per sq.ft.:
- $142.8
These statistics are generated based on the current listing's property type
and located in
PG City Central. Average values are
derived using median calculations.
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- GRAHAM SMITH
- 2 PERCENT REALTY EXPERTS
- 1 (250) 6132860
- Contact by Email
G
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Graham Smith
2 Percent Realty Experts
Location
#201 - 715 Victoria St
Prince George, BC, V2L 2K5