7431 2ND ST

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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) (id:4069)

7431 2ND ST
Retail
$1,490,000
British Columbia
Grand Forks
2460940
RE/MAX Home Advantage Grand Forks
10,000
V0H1H0
Shopping, Schools, Stores
Central location, Corner Site, Other

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Ron Woods and Tammy Schembri RE/MAX® Home Advantage Phone: Office 265-352-8101 Mobile: Ron Woods 250-442-7636
Tammy Schembri 250-442-9866
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