11960 222nd Street, Maple Ridge.pdf
Maple Ridge
11960 222nd Street, Maple Ridge $5,000,000 59 Unit Apartment Building Suite Mix 50-1 Bedroom 8-2 Bedroom 1-3 Bedroom
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
BUILDING SUMMARY 11960 222nd Street, Maple Ridge The “Esther” is a three storey, wood frame apartment building located just off Dewdney and Lougheed Highway, right on the bus route and close to the downtown core. It sits on a nicely landscaped lot, and has stucco and brick exterior and a tar and gravel roof. There are 44 parking stalls, 22 covered and 22 uncovered and a private garage for the owner. It has the original cable elevator, a separate office for the manager, a storage locker for each unit, a large workshop, and a large storage room for supplies. The front of the building has a concrete walkway leading into the covered front entrance with large glass doors. The bright lobby is tastefully decorated and furnished, has tiled floors, wood panelling, a newer intercom system and mailboxes. Each floor has a laundry room with one washer and one dryer which are owned by the building. There is a Multitemp, hydrotherm boiler and a back-up generator. The electrical boxes are a mix of fuses and breakers. Units have smoke detectors, in suite heat controls and hot water baseboard heat. The suites are in various stages of renovations. Some have been recently updated with new laminate floors, appliances, countertops and cabinetry in the kitchens. Bathrooms in the newer units also have new fixtures, lighting, flooring and tile tub surrounds. Other units have laminate flooring, original hardwood cabinetry, frost free fridges, arborite countertops and older fixtures in the bathrooms. The three bedroom unit has newer laminate floors, arborite countertops, hardwood cabinetry, a full size frost free fridge, full size stove and exhaust fan in the kitchen. The bathroom has arborite counter tops, mirrored vanity, heat lamp and exhaust fan, older fixtures and a ¾ tile tub surround. It also has another half bathroom. The ground floors have patios with brick railings, and the other floors have balconies with wood railings. BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
PROPERTY INFORMATION 11960 222nd Street, Maple Ridge Legal Description
PID 007-316-275 Lot 79 District Lot 398 Group 1 New Westminster District Plan 36157
Suite Mix
50-1 Bedroom 8-2 Bedroom 1-3 Bedroom 59 Units
Chattels
59 fridges, 59 stoves 3 washers, 3 dryers
Zoning
RM-3
Lot Size
44,692 s.f.
Constructed
1975
Property Taxes 2013
$49,216.49
Assessments 2013
$1,519,000 Land $3,045,000 Improvements $4,564,000
Contracts
West Coast Elevator
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
FINANCIAL SUMMARY Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (normalized) (4.9%) Total Annual Gross Revenue
$
539,244 10,620 (26,943) 522,921
$
Annual Expenses
2012
Advertising Licenses & Permits Professional Services Caretaker (estimated) Telephone Insurance Property Tax Repairs & Maintenance (normalized) Bank Service Charges Utilities Total Annual Expenses Total Annual Net Revenue
1,072 2,360 1,933 35,400 1,344 21,951 48,598 47,200 690 48,139 208,687 314,234
$ $
Capitalization Rate Expense Ratio Purchase Price / Per Unit
6.28% 39.90% $5,000,000/$84,745
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
RENT ROLL – September 2013 Unit Number
Unit Type
101 102 103 104 105 106 107 108 109 110 111 112 114 115 116 117 118 201 202 203 204 205 206 207 208 209 210 211 212 214 215
3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom (vacant) 1 Bedroom 1 Bedroom 2 Bedroom (vacant) 2 Bedroom 1 Bedroom (vacant) 1 Bedroom (vacant) 1 Bedroom (vacant) 1 Bedroom (vacant) 1 Bedroom 1 Bedroom (vacant) 1 Bedroom (vacant) 1 Bedroom (vacant) 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom (vacant) 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent $ 1,000 712 750 750 750 750 750 950 900 750 750 750 671 700 700 750 750 950 700 700 700 750 750 750 950 900 750 750 700 730 750
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
Unit Number
Unit Type
216 217 218 219 220 221 222 301 302 303 304 305 306 307 308 309 310 311 312 314 315 316 317 318 319 320 321 322
1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom (vacant) 2 Bedroom (vacant) 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom (vacant) 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom (vacant) 1 Bedroom
Monthly Rent $ 700 750 674 750 750 750 750 900 750 700 700 750 700 750 900 900 750 700 700 750 700 750 750 700 750 750 750 750
TOTAL
$44,937
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
LOCATION 11960 222nd Street, Maple Ridge
$5,000,000 BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
11960 222nd Street, Maple Ridge $5,000,000 59 Unit Apartment Building Suite Mix 50-1 Bedroom 8-2 Bedroom 1-3 Bedroom
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
BUILDING SUMMARY 11960 222nd Street, Maple Ridge The “Esther” is a three storey, wood frame apartment building located just off Dewdney and Lougheed Highway, right on the bus route and close to the downtown core. It sits on a nicely landscaped lot, and has stucco and brick exterior and a tar and gravel roof. There are 44 parking stalls, 22 covered and 22 uncovered and a private garage for the owner. It has the original cable elevator, a separate office for the manager, a storage locker for each unit, a large workshop, and a large storage room for supplies. The front of the building has a concrete walkway leading into the covered front entrance with large glass doors. The bright lobby is tastefully decorated and furnished, has tiled floors, wood panelling, a newer intercom system and mailboxes. Each floor has a laundry room with one washer and one dryer which are owned by the building. There is a Multitemp, hydrotherm boiler and a back-up generator. The electrical boxes are a mix of fuses and breakers. Units have smoke detectors, in suite heat controls and hot water baseboard heat. The suites are in various stages of renovations. Some have been recently updated with new laminate floors, appliances, countertops and cabinetry in the kitchens. Bathrooms in the newer units also have new fixtures, lighting, flooring and tile tub surrounds. Other units have laminate flooring, original hardwood cabinetry, frost free fridges, arborite countertops and older fixtures in the bathrooms. The three bedroom unit has newer laminate floors, arborite countertops, hardwood cabinetry, a full size frost free fridge, full size stove and exhaust fan in the kitchen. The bathroom has arborite counter tops, mirrored vanity, heat lamp and exhaust fan, older fixtures and a ¾ tile tub surround. It also has another half bathroom. The ground floors have patios with brick railings, and the other floors have balconies with wood railings. BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
PROPERTY INFORMATION 11960 222nd Street, Maple Ridge Legal Description
PID 007-316-275 Lot 79 District Lot 398 Group 1 New Westminster District Plan 36157
Suite Mix
50-1 Bedroom 8-2 Bedroom 1-3 Bedroom 59 Units
Chattels
59 fridges, 59 stoves 3 washers, 3 dryers
Zoning
RM-3
Lot Size
44,692 s.f.
Constructed
1975
Property Taxes 2013
$49,216.49
Assessments 2013
$1,519,000 Land $3,045,000 Improvements $4,564,000
Contracts
West Coast Elevator
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
FINANCIAL SUMMARY Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (normalized) (4.9%) Total Annual Gross Revenue
$
539,244 10,620 (26,943) 522,921
$
Annual Expenses
2012
Advertising Licenses & Permits Professional Services Caretaker (estimated) Telephone Insurance Property Tax Repairs & Maintenance (normalized) Bank Service Charges Utilities Total Annual Expenses Total Annual Net Revenue
1,072 2,360 1,933 35,400 1,344 21,951 48,598 47,200 690 48,139 208,687 314,234
$ $
Capitalization Rate Expense Ratio Purchase Price / Per Unit
6.28% 39.90% $5,000,000/$84,745
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
RENT ROLL – September 2013 Unit Number
Unit Type
101 102 103 104 105 106 107 108 109 110 111 112 114 115 116 117 118 201 202 203 204 205 206 207 208 209 210 211 212 214 215
3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom (vacant) 1 Bedroom 1 Bedroom 2 Bedroom (vacant) 2 Bedroom 1 Bedroom (vacant) 1 Bedroom (vacant) 1 Bedroom (vacant) 1 Bedroom (vacant) 1 Bedroom 1 Bedroom (vacant) 1 Bedroom (vacant) 1 Bedroom (vacant) 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom (vacant) 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent $ 1,000 712 750 750 750 750 750 950 900 750 750 750 671 700 700 750 750 950 700 700 700 750 750 750 950 900 750 750 700 730 750
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
Unit Number
Unit Type
216 217 218 219 220 221 222 301 302 303 304 305 306 307 308 309 310 311 312 314 315 316 317 318 319 320 321 322
1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom (vacant) 2 Bedroom (vacant) 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom (vacant) 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom (vacant) 1 Bedroom
Monthly Rent $ 700 750 674 750 750 750 750 900 750 700 700 750 700 750 900 900 750 700 700 750 700 750 750 700 750 750 750 750
TOTAL
$44,937
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
LOCATION 11960 222nd Street, Maple Ridge
$5,000,000 BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY
PHONE
410 North Tower, 650 West 41st Avenue FAX Vancouver, BC V5Z 2M9
604-263-2823 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
