Investment Opportunities

Commercial Space & Apartments – Grand Forks

This building has had many updates over the past few years with over $70,000 put into the foundation alone. The building is residential and commercial mix. The main floor consists of 3 commercial spaces with a possibility of a 4th. Zoned to accommodate 50% more residential space on the main floor, you can easily increase the future revenue by adding more apartments or commercial space. The top floor has 7 apartments that have been renovated with quality finishes and are all currently rented. 6 are one bedroom and 1 is a two bedroom with its own laundry. New gas forced air furnaces and hot water tanks were recently installed for the main floor spaces. The Apartments: The 2nd floor apartments have all been renovated with higher end finishes and are very stylish. They all have wall electric heat, AC and each has its own balcony for outdoor space. The kitchens come complete with dishwashers and matching cabinetry in the bathrooms. The 1-bedroom units have shared laundry located on the main floor that brings in around $200 a month. The apartments are month to month and tenants pay for utilities. Each apartment has intercom. The secured main floor entrance also has an office space for the property manager. The 2nd floor apartment revenue is: 6 x1-bedrooms units – $900 each a month 1x 2-bedroom unit- $1200 a month (2 beds, 2 bath on 2 levels with own laundry) Vender will hold mortgage with a $500,000 non-refundable deposit , contact your agent for more information. (26082041) MLS #2460940

Date Posted:
Region:
Boundary Country, BC
Price: $998,000
Opportunity Types:

Commercial Space
Other

Address
7431 2nd Street, Grand Forks, BC, V0H 1H0
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