Menu

142,005 ft²
Multifamily
$6,100,000
Sale


Jackson Safrata
Jackson Safrata
Form Real Estate Advisors


The vendor has exclusively retained Form Real Estate Advisors to facilitate the sale of 951 & 1051 Abbott Drive (the “Subject Property”). The Subject Property presents a stable income producing, multifamily investment opportunity with significant upside on rents in a market that has limited rental housing options. - 84-unit apartment building located in the Abbot Heights neighbourhood of Quesnel, BC - Stable income-producing property with significant upside potential on rents - Large units - 82 of the 84 units are complete with two bathrooms - Located in close proximity to all amenities and major retailers, including Save-On-Foods anchored West Park Mall - Recent improvements include hot water tank replacement (2019) and suite renovations that have been completed upon lease renewals - Situated 2 km’s west of downtown Quesnel, providing easy access to all major transportation routes including Cariboo Highway 97 - In-house washer/dryer, bike room, and ample parking available for tenants


The Space
Asking Price$6,100,000
Available Space142,005 ft²
Taxes$33,209/yr
ZoningRM-2
Cap Rate6.54%
Year Built1981
Parking Spaces100
Net Operating Income$398,946/yr

The Building
Property TypeMultifamily
Inquire
Jackson Safrata
Jackson Safrata
Form Real Estate Advisors
Contact
Protect your business. Get insured now
Buy your business insurance online
Get your policy delivered to your inbox