17788 57th Avenue, Cloverdale
CLOVERDALE
17788 57th Avenue, Cloverdale $3,950,000 36 Unit Apartment Building Suite Mix 29 - 1 Bedroom 7 - 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 17788 57th Avenue, Cloverdale “Benberg Apartments” is a three storey building on a nicely landscaped corner lot in central Cloverdale, close to transportation, shopping and other amenities. This building is wood construction with cedar and stucco exterior and a tar and gravel roof. There are 38 open parking stalls and 36 storage lockers. The building is equipped with smoke and heat detectors, a Super Hot boiler and two separate A.O.Smith hot water tanks. There is also a small workshop off the boiler room. The bright lobby is tastefully decorated, with mailboxes, mirrors and plants. The hallways are vented and have carpet and paint and are in excellent shape. The large, bright laundry room has three washers and three dryers, all leased from Phelps, and lino floors in good condition. The units are rented mostly to seniors, with heat and hot water included in the rent. The units have wood cabinets and lino floors in the kitchen, carpet in the main areas and lots of closet space. Most appliances have been replaced with frost free fridges and 24” stoves. The kitchen counter tops are in good condition and the bathrooms have been refurbished, and have lino floors and ceramic tile tub surround. Each unit also has in suite heat controls and large balconies.
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 17788 57th Avenue, Cloverdale Lot 67 Section 8 Township 8 New Legal Description Westminster District Plan 33047 PID 000-694-924 Suite Mix
29 1 Bedroom 7 2 Bedroom 36 Units Total
Chattels
36 Fridges, 36 Stoves
Zoning
Multi Family Apartment Block
Lot Size
39,204 s.f.
Age
41 Years (Constructed 1971)
Property Taxes 2011
$ 14,638.98
Assessments 2012
Land $ 1,184,000 Improvements $ 2,231,000 $ 3,415,000
Contracts
North West Waste, Engs, Kone
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 17788 57th Avenue, Cloverdale
Annual Revenue
Actual
Rental Income (Rents x 12) Laundry Less Vacancy Rate (2.75%) Total Annual Gross Revenue
$
$
Annual Expenses
335,172 $ 5,344 (9,364) 331,152 $
349,128 5,344 (9,747) 344,724
2011
Advertising Equipment Rental Pest Control Telephone Utilities (water & sewer) Wages, benefits, subcontracts Insurance Property Tax (2011) Repairs & Maintenance Waste Collection Gas Hydro Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price / Per Unit
Projected
$ $
$
200 2,862 293 720 20,844 22,000 10,285 14,639 26,724 6,060 21,754 5,652 132,033 $ 199,119 $ 5.04% 39.87% 3,950,000
200 2,862 293 720 20,844 22,000 10,285 14,639 26,724 6,060 21,754 5,652 132,033 212,691 5.38% 38.30% $109,722
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 – FEBRUARY 2012 17788 57th Avenue, Cloverdale Unit Number 101 102 103 104 105 106 107 108 109 110 201 202 203 204 205 206 207 208 209 210 211 212 213
Unit Type 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent 735 735 757 743 850 903 735 743 850 735 809 700 776 758 875 807 776 735 765 878 735 735 780
Market Rent 786 786 786 786 900 900 786 786 900 786 786 786 786 786 900 786 786 786 786 900 786 786 786
Continued onto the next page...
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 – FEBRUARY 2012 17788 57th Avenue, Cloverdale Unit Number 301 302 303 304 305 306 307 308 309 310 311 312 313 TOTAL
Unit Type 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent 781 727 750 758 882 757 735 735 750 850 735 747 809 $27,931
Market Rent 786 786 786 786 900 786 786 786 786 900 786 786 786 $29,094
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
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 17788 57th Avenue, Cloverdale
$3,950,000
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!
17788 57th Avenue, Cloverdale $3,950,000 36 Unit Apartment Building Suite Mix 29 - 1 Bedroom 7 - 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 17788 57th Avenue, Cloverdale “Benberg Apartments” is a three storey building on a nicely landscaped corner lot in central Cloverdale, close to transportation, shopping and other amenities. This building is wood construction with cedar and stucco exterior and a tar and gravel roof. There are 38 open parking stalls and 36 storage lockers. The building is equipped with smoke and heat detectors, a Super Hot boiler and two separate A.O.Smith hot water tanks. There is also a small workshop off the boiler room. The bright lobby is tastefully decorated, with mailboxes, mirrors and plants. The hallways are vented and have carpet and paint and are in excellent shape. The large, bright laundry room has three washers and three dryers, all leased from Phelps, and lino floors in good condition. The units are rented mostly to seniors, with heat and hot water included in the rent. The units have wood cabinets and lino floors in the kitchen, carpet in the main areas and lots of closet space. Most appliances have been replaced with frost free fridges and 24” stoves. The kitchen counter tops are in good condition and the bathrooms have been refurbished, and have lino floors and ceramic tile tub surround. Each unit also has in suite heat controls and large balconies.
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 17788 57th Avenue, Cloverdale Lot 67 Section 8 Township 8 New Legal Description Westminster District Plan 33047 PID 000-694-924 Suite Mix
29 1 Bedroom 7 2 Bedroom 36 Units Total
Chattels
36 Fridges, 36 Stoves
Zoning
Multi Family Apartment Block
Lot Size
39,204 s.f.
Age
41 Years (Constructed 1971)
Property Taxes 2011
$ 14,638.98
Assessments 2012
Land $ 1,184,000 Improvements $ 2,231,000 $ 3,415,000
Contracts
North West Waste, Engs, Kone
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 17788 57th Avenue, Cloverdale
Annual Revenue
Actual
Rental Income (Rents x 12) Laundry Less Vacancy Rate (2.75%) Total Annual Gross Revenue
$
$
Annual Expenses
335,172 $ 5,344 (9,364) 331,152 $
349,128 5,344 (9,747) 344,724
2011
Advertising Equipment Rental Pest Control Telephone Utilities (water & sewer) Wages, benefits, subcontracts Insurance Property Tax (2011) Repairs & Maintenance Waste Collection Gas Hydro Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price / Per Unit
Projected
$ $
$
200 2,862 293 720 20,844 22,000 10,285 14,639 26,724 6,060 21,754 5,652 132,033 $ 199,119 $ 5.04% 39.87% 3,950,000
200 2,862 293 720 20,844 22,000 10,285 14,639 26,724 6,060 21,754 5,652 132,033 212,691 5.38% 38.30% $109,722
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 – FEBRUARY 2012 17788 57th Avenue, Cloverdale Unit Number 101 102 103 104 105 106 107 108 109 110 201 202 203 204 205 206 207 208 209 210 211 212 213
Unit Type 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent 735 735 757 743 850 903 735 743 850 735 809 700 776 758 875 807 776 735 765 878 735 735 780
Market Rent 786 786 786 786 900 900 786 786 900 786 786 786 786 786 900 786 786 786 786 900 786 786 786
Continued onto the next page...
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 – FEBRUARY 2012 17788 57th Avenue, Cloverdale Unit Number 301 302 303 304 305 306 307 308 309 310 311 312 313 TOTAL
Unit Type 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent 781 727 750 758 882 757 735 735 750 850 735 747 809 $27,931
Market Rent 786 786 786 786 900 786 786 786 786 900 786 786 786 $29,094
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
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 17788 57th Avenue, Cloverdale
$3,950,000
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!
