2265 West 3rd Avenue, Vancouver.pdf
WEST SIDE
2265 West 3rd Avenue, Vancouver $5,850,000 22 Unit Apartment Building Suite Mix 4 - Studio 17 - 1 Bedroom 1 - 2 Bedroom
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 2265 West 3rd Avenue, Vancouver Located in desirable Kitsilano area, close to shops, transportation and minutes to Kits Beach, this three storey walk up is wood construction with vinyl and stucco exterior. The tar and gravel roof was replaced in 1990 and the double glazed windows in 2003. The building has 18 parking stalls, 22 storages lockers, bike storage, extra office space and potential for extra storage in the garages. Recent improvements include all new circuit breakers and electrical panels, new intercom and security camera system, and the main hot water pipes being redone. The building has its original boiler and BC Power Smart Lighting. The suites have smoke and heat detectors, in suite heat controls, intercom system, and newer laminate flooring in 7 units. Kitchens have wood cabinets, range fans, new frost free fridges, and two of the units have dishwashers. The laundry room has 2 new Huebsch washers and 2 Maytag dryers which are owned by the building.
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 2265 West 3rd Avenue, Vancouver Legal Description
Suite Mix - 36 Units Total
Plan 590 Lot 34 Block 223 District Lot 526 Land District 36 PID 015-281-094 4 17 1
Studio 1 Bedroom 2 Bedroom
Chattels
22 Fridges, 22 Stoves, 2 washers, 2 dryers, 2 dishwashers
Zoning
RM-4 Multiple Dwelling
Lot Size
113' x 120'
Age
42 Years
13,560 square feet (Constructed 1968)
Property Taxes 2010
$
17,629
Assessments 2011
Land Improvements Total
Contracts
Superior Garbage Disposal
Financial Encumbrances
Treat as clear title.
RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
$ 4,414,000 $ 29,900 $ 4,443,900
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 2265 West 3rd Avenue, Vancouver Annual Revenue Rental Income (Rents x 12) Laundry (estimated) Parking Less Vacancy Rate (2%) Total Annual Gross Revenue Annual Expenses Advertising Insurance Licences, fees & dues Property Taxes Repairs & Maintenance Utilities Waste Collection Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price/Per Unit
284,568 $ 4,512 2,400 -5,830 285,650 $
Projected 313,200 4,500 7,920 -6,512 319,108
$ $
353 $ 5,804 1,378 16,089 14,651 16,743 913 55,931 $ 229,719 $
353 5,804 1,378 16,089 14,651 16,743 913 55,931 263,177
$
3.93% 19.58% 5,850,000 $
$
$ $
4.50% 17.53% 265,909
Actual Income for January – December 2009 was $262,354 (not including rent from suite occupied by relative).
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 – SEPTEMBER 2010 2265 West 3rd Avenue, Vancouver
Unit Number
Unit Type
Monthly Rent
Market Rent
101
1 Bedroom
1,100
1,200
102
1 Bedroom
992
1,200
103
2 Bedroom
1,650
1,700
104
1 Bedroom
1,190
1,200
201
Studio
877
1,000
202
1 Bedroom
1,000
1,200
203
1 Bedroom
1,230
1,200
204
1 Bedroom
1,088
1,200
205
1 Bedroom
1,100
1,200
206
1 Bedroom
1,102
1,200
207
1 Bedroom
1,001
1,200
208
1 Bedroom
980
1,200
209
Studio
877
1,000
301
Studio
900
1,000
302
1 Bedroom
1,200
1,200
303
1 Bedroom
1,100
1,200
304
1 Bedroom
1,250
1,200
305
1 Bedroom
1,100
1,200
306
1 Bedroom
979
1,200
307
1 Bedroom
1,063
1,200
308
1 Bedroom
1,017
1,200
309
Studio
918
1,000
$23,714
$26,100
TOTAL
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.
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 2265 West 3rd Avenue, Vancouver
$5,850,000
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!
2265 West 3rd Avenue, Vancouver $5,850,000 22 Unit Apartment Building Suite Mix 4 - Studio 17 - 1 Bedroom 1 - 2 Bedroom
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 2265 West 3rd Avenue, Vancouver Located in desirable Kitsilano area, close to shops, transportation and minutes to Kits Beach, this three storey walk up is wood construction with vinyl and stucco exterior. The tar and gravel roof was replaced in 1990 and the double glazed windows in 2003. The building has 18 parking stalls, 22 storages lockers, bike storage, extra office space and potential for extra storage in the garages. Recent improvements include all new circuit breakers and electrical panels, new intercom and security camera system, and the main hot water pipes being redone. The building has its original boiler and BC Power Smart Lighting. The suites have smoke and heat detectors, in suite heat controls, intercom system, and newer laminate flooring in 7 units. Kitchens have wood cabinets, range fans, new frost free fridges, and two of the units have dishwashers. The laundry room has 2 new Huebsch washers and 2 Maytag dryers which are owned by the building.
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 2265 West 3rd Avenue, Vancouver Legal Description
Suite Mix - 36 Units Total
Plan 590 Lot 34 Block 223 District Lot 526 Land District 36 PID 015-281-094 4 17 1
Studio 1 Bedroom 2 Bedroom
Chattels
22 Fridges, 22 Stoves, 2 washers, 2 dryers, 2 dishwashers
Zoning
RM-4 Multiple Dwelling
Lot Size
113' x 120'
Age
42 Years
13,560 square feet (Constructed 1968)
Property Taxes 2010
$
17,629
Assessments 2011
Land Improvements Total
Contracts
Superior Garbage Disposal
Financial Encumbrances
Treat as clear title.
RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
$ 4,414,000 $ 29,900 $ 4,443,900
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 2265 West 3rd Avenue, Vancouver Annual Revenue Rental Income (Rents x 12) Laundry (estimated) Parking Less Vacancy Rate (2%) Total Annual Gross Revenue Annual Expenses Advertising Insurance Licences, fees & dues Property Taxes Repairs & Maintenance Utilities Waste Collection Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price/Per Unit
284,568 $ 4,512 2,400 -5,830 285,650 $
Projected 313,200 4,500 7,920 -6,512 319,108
$ $
353 $ 5,804 1,378 16,089 14,651 16,743 913 55,931 $ 229,719 $
353 5,804 1,378 16,089 14,651 16,743 913 55,931 263,177
$
3.93% 19.58% 5,850,000 $
$
$ $
4.50% 17.53% 265,909
Actual Income for January – December 2009 was $262,354 (not including rent from suite occupied by relative).
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 – SEPTEMBER 2010 2265 West 3rd Avenue, Vancouver
Unit Number
Unit Type
Monthly Rent
Market Rent
101
1 Bedroom
1,100
1,200
102
1 Bedroom
992
1,200
103
2 Bedroom
1,650
1,700
104
1 Bedroom
1,190
1,200
201
Studio
877
1,000
202
1 Bedroom
1,000
1,200
203
1 Bedroom
1,230
1,200
204
1 Bedroom
1,088
1,200
205
1 Bedroom
1,100
1,200
206
1 Bedroom
1,102
1,200
207
1 Bedroom
1,001
1,200
208
1 Bedroom
980
1,200
209
Studio
877
1,000
301
Studio
900
1,000
302
1 Bedroom
1,200
1,200
303
1 Bedroom
1,100
1,200
304
1 Bedroom
1,250
1,200
305
1 Bedroom
1,100
1,200
306
1 Bedroom
979
1,200
307
1 Bedroom
1,063
1,200
308
1 Bedroom
1,017
1,200
309
Studio
918
1,000
$23,714
$26,100
TOTAL
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.
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 2265 West 3rd Avenue, Vancouver
$5,850,000
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!
