20,980 ft²Multifamily$1,700,000Sale
20,980 ft²
Multifamily
$1,700,000
Sale
Michael Marckwort
NAI Commercial BC
Visit https://www.spacelist.co/listings/876197 to download attachments and/or view virtual tours.
2.5 storey walk-up apartment building in great central location, near shopping and local school. Well managed building.
The Space
Asking Price$1,700,000
Available Space20,980 ft²
Net Operating Income$136456
Property UseInvestment property / Multi family
Taxes$6,877/yr
ZoningR-2
Cap Rate8%
Year Built1978
SourceDirect
Corner Lot
The Building
• Most units have had upgrades including new floors and paint • Land is currently being sub-divided. 0.5 acre will be additional land to the 1 acre which the building is on, will be priced at $75,000 • Foundation is reinforced poured concrete • The walls are wood frame with wood siding • Insulation is reported to be fiberglass batts, no UFFI is reported • The roofing material is a torch on, and replaced in 2021
Property TypeMultifamily
Building Size20,980 ft²
Lot Size1.47 AC