2620 Hemlock Street, Vancouver.pdf
West Side
2620 Hemlock Street, Vancouver $4,800,000 17 Unit Apartment Building Suite Mix 12 - 1 Bedroom 5 - 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 2620 Hemlock Street, Vancouver “The Monterey” is located on a corner lot, one block to Granville Street’s high end shops, one block to West Broadway, transportation and restaurants. This three storey walk up is wood construction with stucco exterior in a prime Vancouver location and had a Heritage “C” listing in 1986. The building has the original boiler to heat the building with 2 separate John Wood hot water tanks and an electric thermostat to control the heat to conserve on fuel. The electrical boxes are fuses. There is a laundry room with 2 washers and 2 dryers which are owned by the building. The covered entrance has a new intercom system and double glass doors for entry. The hallways have high ceilings, wood flooring with carpet runners, 8” baseboard mouldings and updated lighting. Character flows throughout this building with wood arches, wainscoting, and stairwells with stained glass windows. Most suites have high ceilings, wood floors, wood framed single-glazed windows with venetian blinds, smoke and heat detectors, and many have fireplaces that are not in use. Kitchens have refurbished wood cabinets, lino floors, gas stoves (some are 24” and some are 30”) and 24” frost free fridges. Bathrooms have either a claw tub or a regular tub with ceramic tile tub surround, sink with vanity and built in medicine cabinets. The building also has lots of extra storage, a bike room, and space for possible additional suites. 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 2620 Hemlock Street, Vancouver Legal Description
PID 015-018-466 Lot 1, Block 372 District Lot 526 Land District 36 Plan VAP991
Suite Mix
12 – 1 Bedroom 5 – 2 Bedroom 17 Units Total
Chattels
17 fridges, 17 stoves 2 washers, 2 dryers
Zoning
RM-3 Multiple Dwelling
Lot Size
50’ x 125’ (6,250 sq.ft.)
Age
87 years (Constructed 1925)
Property Taxes 2012
$13,748.47
Assessments 2012
$1,282,000 Land 1,979,000 Improvements $3,261,000
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 2620 Hemlock Street, Vancouver Annual Revenue
Current
Rental Income (Rents x 12) Laundry Total Annual Gross Revenue (Before any vacancy allowance)
$
223,140 1,845
$
224,985
(Actual Annual rental income 2011 $215,773)
Annual Expenses
Actual 2011
Business License & Permit Gas Hydro Insurance Property Tax Repairs & Maintenance Miscellaneous Expenses Water & Sewer Total Annual Expenses* Total Annual Net Revenue*
1,178 11,768 769 8,022 12,120 18,886 5,882 3,762 62,387 162,598
$ $
Gross Rent Multiplier Purchase Price / Per Unit
21.33 $ 4,800,000/$282,352
* 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 – October 1, 2012 2620 Hemlock Street, Vancouver Unit Number
Unit Type
Square Footage
Monthly Rent
1 2 3 4 5 6 7 8 9 10 11 12 14 15 16 17 18
1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom
582 727 526 536 700 820 550 544 550 565 565 550 600 550 600 820 700
995 1,200 915 910 1,460 1,450 990 1,005 1,005 985 1,000 1,000 1,005 1,005 1,005 1,290 1,375
TOTAL
$18,595
Rents indicated include increase notices given due up to January 1, 2013.
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 2620 Hemlock Street, Vancouver
$4,800,000
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!
2620 Hemlock Street, Vancouver $4,800,000 17 Unit Apartment Building Suite Mix 12 - 1 Bedroom 5 - 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 2620 Hemlock Street, Vancouver “The Monterey” is located on a corner lot, one block to Granville Street’s high end shops, one block to West Broadway, transportation and restaurants. This three storey walk up is wood construction with stucco exterior in a prime Vancouver location and had a Heritage “C” listing in 1986. The building has the original boiler to heat the building with 2 separate John Wood hot water tanks and an electric thermostat to control the heat to conserve on fuel. The electrical boxes are fuses. There is a laundry room with 2 washers and 2 dryers which are owned by the building. The covered entrance has a new intercom system and double glass doors for entry. The hallways have high ceilings, wood flooring with carpet runners, 8” baseboard mouldings and updated lighting. Character flows throughout this building with wood arches, wainscoting, and stairwells with stained glass windows. Most suites have high ceilings, wood floors, wood framed single-glazed windows with venetian blinds, smoke and heat detectors, and many have fireplaces that are not in use. Kitchens have refurbished wood cabinets, lino floors, gas stoves (some are 24” and some are 30”) and 24” frost free fridges. Bathrooms have either a claw tub or a regular tub with ceramic tile tub surround, sink with vanity and built in medicine cabinets. The building also has lots of extra storage, a bike room, and space for possible additional suites. 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 2620 Hemlock Street, Vancouver Legal Description
PID 015-018-466 Lot 1, Block 372 District Lot 526 Land District 36 Plan VAP991
Suite Mix
12 – 1 Bedroom 5 – 2 Bedroom 17 Units Total
Chattels
17 fridges, 17 stoves 2 washers, 2 dryers
Zoning
RM-3 Multiple Dwelling
Lot Size
50’ x 125’ (6,250 sq.ft.)
Age
87 years (Constructed 1925)
Property Taxes 2012
$13,748.47
Assessments 2012
$1,282,000 Land 1,979,000 Improvements $3,261,000
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 2620 Hemlock Street, Vancouver Annual Revenue
Current
Rental Income (Rents x 12) Laundry Total Annual Gross Revenue (Before any vacancy allowance)
$
223,140 1,845
$
224,985
(Actual Annual rental income 2011 $215,773)
Annual Expenses
Actual 2011
Business License & Permit Gas Hydro Insurance Property Tax Repairs & Maintenance Miscellaneous Expenses Water & Sewer Total Annual Expenses* Total Annual Net Revenue*
1,178 11,768 769 8,022 12,120 18,886 5,882 3,762 62,387 162,598
$ $
Gross Rent Multiplier Purchase Price / Per Unit
21.33 $ 4,800,000/$282,352
* 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 – October 1, 2012 2620 Hemlock Street, Vancouver Unit Number
Unit Type
Square Footage
Monthly Rent
1 2 3 4 5 6 7 8 9 10 11 12 14 15 16 17 18
1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom
582 727 526 536 700 820 550 544 550 565 565 550 600 550 600 820 700
995 1,200 915 910 1,460 1,450 990 1,005 1,005 985 1,000 1,000 1,005 1,005 1,005 1,290 1,375
TOTAL
$18,595
Rents indicated include increase notices given due up to January 1, 2013.
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 2620 Hemlock Street, Vancouver
$4,800,000
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!
