5 Bed Single Family Detached in Victoria
2524 Prior St
MLS® NO: 855908
** INVESTMENT OPPORTUNITY** R-2 ** 3256 sq ft. with an upper 1628 sq.ft. 4 bdrm. suite, 1 bthrm. with large living room and kitchen, and a 568 sq ft. 1 bdrm, 1 bthrm. lower suite (currently rented at $1,056.) and a large impressive undeveloped, clean and ready to build area of 1,060 sq ft., 7'1" ceiling ht. at grade with separate access. Pad parking in front for 2 vehicles. Upper Suite is currently vacant. CONSERVATIVE EXAMPLE ONLY: Potential rent in upper suite of $2,700.00 at $675. per adult for 4 sharing, creating a Cap rate of 3.7 based on $40,564 .N.O.I. without developing the extra 1,060 sq.ft.!! UPSIDE POTENTIAL $$. Well maintained over many years by one owner. Quiet street close to shopping, bus, schools and downtown. Easy to show . Just Touchbase and go, but please view occupied lower back suite on second showing with 24 hrs notice. Floor plan available this Friday.