MULTI-FAMILY APARTMENT BUILDINGS FOR SALE VANCOUVER BC

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Main Photo: 759 4TH Avenue: Hope Multi-Family Commercial for sale in "Villa Apartments" (Hope & Area)  : MLS®# C8055277
Photo 1: 759 4TH Avenue: Hope Multi-Family Commercial for sale in "Villa Apartments" (Hope & Area)  : MLS®# C8055277
Photo 2: 759 4TH Avenue: Hope Multi-Family Commercial for sale in "Villa Apartments" (Hope & Area)  : MLS®# C8055277
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8055277
Build. Type:
Low Rise (2-4 stories)
RARE OPPORTUNITY! Pleased to present Villa Apartments, a mixed use asset located at 759 4th Ave in the heart of Downtown Hope. The subject property is a free standing 2-storey building with a total of 15 units. It is comprised of 2 ground level commercial units and 13 residential units (1 bachelor, 6 x 1 bedroom, 3 x 1 bedroom + Den, 3 x 2 bedrooms) and one coined laundry room. Lot size 40x170 (6,800 sq.ft) and 3.46% cap rate. Conveniently located just across from Memorial Park, Hope cinema, Highway #1, banks, shopping, and City Hall. Well maintained building throughout the years with a reliable property manager taking care of rental and maintenance, with rental income of approximately $167,000/year. Very low expenses and vacancy rate. Lots of parking in front of the building. Please contact the listing agent for further details.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Residential Mix
Name of Complex/Subdivision:
# Units:
15
# Other Units:
# of Appartments:
15
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
1
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
6
# of 2 Bedroom Appartments:
3
# of 3 Bedroom Appartments:
0
# Storeys:
2.0
Year built:
1955 (Age: 69)
Total Floor Area:
9,150 sq. ft.
Lot Area:
6,800 sq. ft.
Lot Depth:
170
Lot Frontage:
40'
Land Use/Zoning:
CBD
Permitted Use:
Multifamily (5+)
Taxes:
$10,605.81 / 2023
Laundry Facility, Paved Yard, Storefront, Visitor Parking, Washrooms Female/Male
Services Connected:
Electricity, Garbage Collection, Lane Paved, Natural Gas
Water Supply:
Municipal
HVAC:
Baseboard, Forced Air
Roof:
Sewer Septic:
Municipal/Community
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 759 4TH Avenue: Hope Multi-Family Commercial for sale in "Villa Apartments" (Hope & Area)  : MLS®# C8055277
    Photo 1 of 2
  • Photo 2: 759 4TH Avenue: Hope Multi-Family Commercial for sale in "Villa Apartments" (Hope & Area)  : MLS®# C8055277
    Photo 2 of 2
Listed by Skyline West Realty
Data was last updated November 23, 2024 at 01:10 AM (UTC)
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