5 Plex - Cash Flow Positive in Porter Creek on a huge .48 Acre or 105' x 200' lot. 1912 Centennial Street. Three, 1 bedroom units, One 3 bedroom, and one studio apartment. The current cap rate is 4.5%, but the rents have been increased to create a cap rate of 5.5% in March and to 6.5% in July = $88,500 annual rent. Each tenant pays their own utilities. The building was originally built in 1968 but substantially renovated in 1990 to create the existing 5 plex. Many updates have been completed recently. The lot will technically accommodate further development one idea has Architectural plans showing the potential to build an additional 4 plex creating 9 rental units pending city permits, A video tour is available in the multi-media link. (id:36197)
| Business Type | Other |
| MLS® Number | 13058 |
| Property Type | Other |
| Constructed Date | 1968 |
| Acreage | No |
| Size Frontage | 105 Ft |
| Size Irregular | 0.48 |
| Size Total | 0.48 Ac |
| Size Total Text | 0.48 Ac |
https://www.realtor.ca/real-estate/22577703/1912-centennial-street-whitehorse
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Scott Sauer
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