1626 West 11 Avenue, Vancouver.pdf
West Side
1626 West 11th Avenue, Vancouver $2,398,000 10 Unit Multifamily Building Suite Mix 5 Bachelor 4 - 1 Bedroom 1 - 2 Bedroom BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 1626 West 11th Avenue, Vancouver “Villa Capri” is a 10 unit, multifamily building which sits on a nicely landscaped lot, walking distance to West Broadway and Granville Street, high end shopping, transportation and restaurants. In 2001 the stucco exterior was painted and the roof replaced, and in 2000 the gutters were replaced. The windows are a mix of double and single glazed with wood or aluminum frames. There are also five open parking spots and 10 storage units. The covered entrance has door bells to each suite, and the main floor has mailboxes, newer lighting, wood framed doors and carpeted hallways with baseboard mouldings. The interior was painted in 2006. There is a laundry room with one each of a washer and dryer which are owned by the building. The plumbing is 20% copper and there are two 40 gallon Woods hot water tanks. The building also has a sprinkler system in the furnace and laundry room, natural gas with central heat control and smoke and heat detectors which were upgraded to photoelectric in 2003. The oil tank was removed in 2000. The electrical boxes are circuit breakers. There are two suites on the main floor, four on the 2nd floor, two on the 3rd floor and two on the top floor. All units have smoke and heat detectors, lots of windows to bring in natural light, venetian blinds, and laminate, hardwood or carpet for flooring with 3” baseboard mouldings. The bathrooms have lino flooring, ceramic tile tub surrounds and pedestal sinks. Kitchens have lino flooring, refurbished cabinets, and arborite countertops, 24” stoves and 24” frost free fridges. The living area is carpeted and three units have fireplaces. There is a beautiful panoramic view from the top floor suite. The tenants in units #5 and #7 have their electricity included in the rent. This building is in a very desirable area of the West Side. Please note that one of the vendors is a licensed realtor. BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 1626 West 11th Avenue, Vancouver Legal Description
PID 014-183-561 Lot 8 Block 389 District Lot 526 Plan 1949
Suite Mix
5 Bachelor 4 - 1 Bedroom 1 - 2 Bedroom 10 Units Total
Chattels
10 fridges, 10 stoves 1 washer, 1 dryer
Zoning
RM-3 Multiple Dwelling
Lot Size
50’ x 125’ (6,250 sq.ft.)
Age
105 years (Constructed 1908)
Property Taxes 2012
$9,852.65
Assessments 2013
$1,897,000 Land $ 408,000 Improvements $2,305,000
Financial Encumbrances
Treat as clear title
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 1626 West 11th Avenue, Vancouver Annual Revenue
Current
Rental Income (rents x 12) Parking ($180 x 12) Laundry
$
105,960 2,160 690
Total Annual Gross Revenue
$
108,810
Annual Expenses
2012
Gas Hydro Insurance Licenses and Permits Miscellaneous Expenses Property Tax Repairs & Maintenance Scavenging Water & Sewer Total Annual Expenses* Total Annual Net Revenue*
$
5,850 1,129 2,092 634 3,806 10,212 5,336 600 809 30,468 78,342
$ $
Gross Rent Multiplier Purchase Price / Per Unit
22.03 $2,398,000/$239,800
* The above Annual Expenses do not include Management Fees, Payroll, vehicle or office expenses. This property is run from a central office where the Payroll covers various services including centralized caretaking, maintenance and additional repairs. Purchasers are advised to seek independent advice regarding operating costs of similar buildings before making an Offer to Purchase.
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 – March 2013 1626 West 11th Avenue, Vancouver Unit Number
Unit Type
Square footage
Monthly Rent
1 2 3 4 5 7 8 9 1622 1628
Bachelor Bachelor 1 Bedroom Bachelor 1 Bedroom 1 Bedroom Bachelor Bachelor 1 Bedroom 2 Bedroom
373 252 384 432 560 430 300 420 448 642
$ 825 $ 775 $ 850 $ 870 $ 935 $ 965 $ 745 $ 765 $ 900 $1,200
TOTAL
$8,830
Parking: 6 open spots – 3 are rented @ $25 Month = $75 Other 3 spots are owner occupied (rent at $35 Month = $105 Total rent available for parking = $180
Unit #5 and #7 the electricity is included in the rent.
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 1626 West 11th Avenue, Vancouver
$2,398,000
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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!
1626 West 11th Avenue, Vancouver $2,398,000 10 Unit Multifamily Building Suite Mix 5 Bachelor 4 - 1 Bedroom 1 - 2 Bedroom BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 1626 West 11th Avenue, Vancouver “Villa Capri” is a 10 unit, multifamily building which sits on a nicely landscaped lot, walking distance to West Broadway and Granville Street, high end shopping, transportation and restaurants. In 2001 the stucco exterior was painted and the roof replaced, and in 2000 the gutters were replaced. The windows are a mix of double and single glazed with wood or aluminum frames. There are also five open parking spots and 10 storage units. The covered entrance has door bells to each suite, and the main floor has mailboxes, newer lighting, wood framed doors and carpeted hallways with baseboard mouldings. The interior was painted in 2006. There is a laundry room with one each of a washer and dryer which are owned by the building. The plumbing is 20% copper and there are two 40 gallon Woods hot water tanks. The building also has a sprinkler system in the furnace and laundry room, natural gas with central heat control and smoke and heat detectors which were upgraded to photoelectric in 2003. The oil tank was removed in 2000. The electrical boxes are circuit breakers. There are two suites on the main floor, four on the 2nd floor, two on the 3rd floor and two on the top floor. All units have smoke and heat detectors, lots of windows to bring in natural light, venetian blinds, and laminate, hardwood or carpet for flooring with 3” baseboard mouldings. The bathrooms have lino flooring, ceramic tile tub surrounds and pedestal sinks. Kitchens have lino flooring, refurbished cabinets, and arborite countertops, 24” stoves and 24” frost free fridges. The living area is carpeted and three units have fireplaces. There is a beautiful panoramic view from the top floor suite. The tenants in units #5 and #7 have their electricity included in the rent. This building is in a very desirable area of the West Side. Please note that one of the vendors is a licensed realtor. BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 1626 West 11th Avenue, Vancouver Legal Description
PID 014-183-561 Lot 8 Block 389 District Lot 526 Plan 1949
Suite Mix
5 Bachelor 4 - 1 Bedroom 1 - 2 Bedroom 10 Units Total
Chattels
10 fridges, 10 stoves 1 washer, 1 dryer
Zoning
RM-3 Multiple Dwelling
Lot Size
50’ x 125’ (6,250 sq.ft.)
Age
105 years (Constructed 1908)
Property Taxes 2012
$9,852.65
Assessments 2013
$1,897,000 Land $ 408,000 Improvements $2,305,000
Financial Encumbrances
Treat as clear title
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 1626 West 11th Avenue, Vancouver Annual Revenue
Current
Rental Income (rents x 12) Parking ($180 x 12) Laundry
$
105,960 2,160 690
Total Annual Gross Revenue
$
108,810
Annual Expenses
2012
Gas Hydro Insurance Licenses and Permits Miscellaneous Expenses Property Tax Repairs & Maintenance Scavenging Water & Sewer Total Annual Expenses* Total Annual Net Revenue*
$
5,850 1,129 2,092 634 3,806 10,212 5,336 600 809 30,468 78,342
$ $
Gross Rent Multiplier Purchase Price / Per Unit
22.03 $2,398,000/$239,800
* The above Annual Expenses do not include Management Fees, Payroll, vehicle or office expenses. This property is run from a central office where the Payroll covers various services including centralized caretaking, maintenance and additional repairs. Purchasers are advised to seek independent advice regarding operating costs of similar buildings before making an Offer to Purchase.
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 – March 2013 1626 West 11th Avenue, Vancouver Unit Number
Unit Type
Square footage
Monthly Rent
1 2 3 4 5 7 8 9 1622 1628
Bachelor Bachelor 1 Bedroom Bachelor 1 Bedroom 1 Bedroom Bachelor Bachelor 1 Bedroom 2 Bedroom
373 252 384 432 560 430 300 420 448 642
$ 825 $ 775 $ 850 $ 870 $ 935 $ 965 $ 745 $ 765 $ 900 $1,200
TOTAL
$8,830
Parking: 6 open spots – 3 are rented @ $25 Month = $75 Other 3 spots are owner occupied (rent at $35 Month = $105 Total rent available for parking = $180
Unit #5 and #7 the electricity is included in the rent.
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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 1626 West 11th Avenue, Vancouver
$2,398,000
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 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!
