20,980 ft²Multifamily$1,600,000Sale
20,980 ft²
Multifamily
$1,600,000
Sale
Michael Marckwort
NAI Commercial BC
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2.5 storey walk-up apartment building in great central location, near shopping and local school. Well managed building.
The Space
Asking Price$1,600,000
Available Space20,980 ft²
Net Operating Income$116,006
Property UseInvestment property / Multi family
Taxes$6,877/yr
ZoningR-2
Cap Rate7.3%
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
Up to $500K for British Columbia businesses
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