Welcome to the MaxSave
Home Buying and Selling System
phone. 250-562-6228
fax. 250-562-6218
email. info@maxsave.bc.ca

MaxSave Listings

Back to Listings » Listing Details

1669 INGLEDEW Street: Millar Addition Multi-Family Commercial for sale (PG City Central (Zone 72)) : MLS®# C8022566

1669 INGLEDEW Street Millar Addition V2L 1K6 : Millar Addition

Main Photo: 1669 INGLEDEW Street: Millar Addition Multi-Family Commercial for sale (PG City Central (Zone 72))  : MLS®# C8022566
$998,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8022566
Status:
Active
Build. Type:
Low Rise (2-4 stories)
Attention Investors! These two great buildings with 14 suites on 5 city lots are professionally managed, have extensive updates, and are priced at a fantastic 6.26% CAPP Rate. Both buildings have new roofs, have had the exterior repainted in 2017, new hot water tanks in 2016, all suites are separately metered, and there is even potential to push up the rents. The 14 suites consist of 8-two bedroom, 4-one bedroom, and 2-bachelor suites. Fully rented income is $107,496 per year, with operating expenses of $44,986. Very low vacancy rate in the last 10 years--with existing management.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
14
# Storeys:
3.0
Year built:
1966 (Age: 53)
Land Use/Zoning:
RM4
Taxes:
$9,295.75 / 2018
Services Connected:
Electricity, Natural Gas at Lot Line, Sidewalk, City Water
Water Supply:
Municipal
HVAC:
Baseboard, Electric, Separate Controls
Env Assmt Phase:
None
Cap Rate %:
6.26
Other Income:
$2,400
Effective Gross Income:
$105,811
Gross Income:
$103,411
Oper. Expenses:
$44,986
Net Operating Income:
$62,510
Listing information last updated on December 14, 2018 at 12:06 AM (UTC)
Mike Hurrell - PREC*
Back to Listings » Listing Details