15,744 ft²Multifamily$1,050,000Sale
15,744 ft²
Multifamily
$1,050,000
Sale
Michael Marckwort
NAI Commercial BC
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Opportunity to purchase this solid 12-unit building with good quality tenants and well-managed by a property manager. The building is in an excellent location near schools, transit, and shopping. • Tenants pay own utilities • 2 sets of coin-op washer/dryers for the tenants’ use • Recent improvements include exterior paint update to the balconies and window trims • 2 units were renovated: #201 - repaint, new fridge, range hood, kitchen counter #203 - new fridge, kitchen counter, patio door and one bedroom window was replaced • Minor landscaping done to remove some unhealthy shrubbery and replace with a small flower area • All water tanks were assessed & replaced where needed, all baseboard heaters were replaced in the last 5 years
The Space
Asking Price$1,050,000
Available Space15,744 ft²
Net Operating Income$73327
Property UseInvestment property / Multi family
ZoningRURAL 2
Cap Rate7%
Year Built1979
SourceDirect
The Building - Mountainview
Property TypeMultifamily
Lot Size15,744 ft²
Up to $500K for British Columbia businesses
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