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565 Mouse Mountain Dr

25 Unit Apartment Building $1,128,772 USD ($45,151 USD/Unit) 7.25% Cap Rate Fraser Lake, BC V0J 1S0

Executive Summary

2.5 storey walk-up apartment building in great central location, near shopping and local school. Well managed building.
• Most units have had upgrades including new floors and paint
• Land is currently being sub-divided. 0.5 acre will be additional land to the 1 acre which the building is on, will be priced at $75,000
• Foundation is reinforced poured concrete
• The walls are wood frame with wood siding
• Insulation is reported to be fiberglass batts, no UFFI is reported
• The roofing material is a torch on, and replaced in 2021

Property Facts

Price $1,128,772 USD
Price Per Unit $45,151 USD
Sale Type Investment
Cap Rate 7.25%
No. Units 25
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.52 AC
Building Size 20,980 SF
No. Stories 2
Year Built 1978

zoning

Zoning Code R-2 (Residential)
R-2 (Residential)
  • Listing ID: 30912000

  • Date on Market: 2/8/2024

  • Last Updated:

  • Address: 565 Mouse Mountain Dr, Fraser Lake, BC V0J 1S0

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