10420 96 AVENUE, Fort Saint John, BC, V1J 1L5Listing ID# C8013845
To acquire a 100% interest in a prime, high-density, 3.85 acre, multi-family residential development site located in the heart of Fort. St. John, BC. The site is generating strong holding income from 34 pads and the majority are long-term tenants. Current NOI (2016) is $83,817 (4.3% Cap) with potential NOI of over $100K. Located Northeast of Vancouver, Fort St. John is home to over 19,000 people and is the largest regional service center in Northeastern BC, servicing 64,000 people in outlying areas. The City is in favour of rezoning to RM-2 to allow you to build 125 units/hectare. There is a management company in place for stress-free ownership!
Listing courtesy of Macdonald Commercial R.E.Serv.
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