Sold for $620,000

$620,000

Sale Price

12

Total Units

1970

Year Built

9.92%

Cap Rate

DESCRIPTION

Sold 5 Clearwater Cres, Mackenzie.  

The building at 5 Clearwater Cres, Mackenzie is known as “Knorr Manor.”  

It is a family-run 12plex in a key location in Mackenzie. Located close to local amenities and situated on more than 1⁄2 acre of land, this cash-flow building provides excellent returns.

Recent capital expenditures include plumbing upgrades (2016), roof (2015), hot water tank (2014) and new carpeting (2013) means no deferred maintenance for the future owner.

Tenants enjoy privacy that comes from two entrances, central hallways and just two suites per landing. Each side of the building has its own laundry facilities and all suites have individual hydro meters.

SPECIFICATIONS

Property Type · Apartment Building
Price Per Unit · $51,666
Lot Size · 24,393 Sq Ft
Rentable Area · 8,750 Sq Ft
Suite Mix · 2 x 1-Bedroom, 10 x 2-Bedroom
Zoning · RM2
Storeys · 3
Parking · 20 Surface Parking Spaces

HIGHLIGHTS

• Mackenzie 12plex on 0.56 Acres

• Strong Local Economic Forecasts

• Stable Financial Performe, Net Income of $61,491

• Live-in Managers in the Building

LOCATION

5 Clearwater Crescent
Mackenzie, BC

Legal Description
Lot 2 Plan PGP17103 District Lot 12463 Land District 05

PID
011-568-178

Assessed Value (2019)
$622,700