17700 58th Avenue Surrey, BC FOR SALE - NAI Apartments
FOR SALE 25-Unit Apartment Building in Cloverdale
17700 58th Avenue Surrey, BC Highlights Opportunity to purchase a 25-unit apartment building located in the heart of the town center with public transit directly outside. Main shopping venues are only two blocks away.
Terry Harding
Senior Vice President 604 691 6615 [email protected]
Jackson Tang
Vice President 604 691 6680 [email protected] 國語, 廣東話, 福建話查詢
Brandon Harding*
Representative 604 691 6630 [email protected] *Personal Real Estate Corporation
NAI Commercial 1075 W Georgia St, Suite 1300 Vancouver, BC V6E 3C9 +1 604 683 7535 apartmentblocks.ca
Property Highlights Legal Description
17700 58th Avenue, Surrey, BC
Lot 137, LD 36, Section 8, Township 8 Plan 34975
PID
007-123-370
Location The subject property is located in the heart of the town center. Public transit is directly outside the property as well as main shopping venues only two blocks away. The very central and convenient nature of this location is why there is never a vacant unit.
Lot Size
27,087 sf (200’ x 125’)
Zoning
Multi-Family Residential Zone 4S
Financial Overview Income/Expenses Rents Laundry Total Income
Year Built 2016 Actual
2017 Annualized
$222,133
$231,876
$6,000
$6,000
$228,133
$237,876
Operating Expenses Caretaker Fees/Management
1965
Suite Mix Bachelor One-Bedroom
19 units
Two-Bedroom
2 units
$8,400
$8,500
$14,509
$13,000
$3,046
$3,200
$11,214
$11,000
$1,325
$1,500
$13,029.98
Appliance Repair & Maintenance
$13,209
$9,500
Financing
Property Taxes
$13,029
$13,500
$2,847
$2,900
Water & Sewer
$18,778
$19,000
Total Expenses
$86,357
$82,100
$141,776
$155,776
Gas Hydro Insurance Licence & Other Fees
Salvage
Net Operating Income
4 units
Total
25 units
Property Tax (2015)
1st mortgage with Peoples Trust of approximately $1,700,000 @ 2.3% for a four-year term. Additional second mortgage financing may be available.
Improvements
Three-storey, wood-frame walk-up with full surface parking
Asking Price $5,125,000
SOURCE: Google
SUBJECT PROPERTY
Rent Roll Suite
Unit Type
101
Studio
$707.00
$707.00
102
One-Bedroom
$739.00
$739.00
103
One-Bedroom
$750.00
104
Two-Bedroom
$768.00
105
One-Bedroom
$748.00
$748.00
106
One-Bedroom
$900.00
$900.00
107
One-Bedroom
$850.00
$850.00
108
One-Bedroom
$748.00
$748.00
109
One-Bedroom
$744.00
$744.00
110
One-Bedroom
$765.00
$765.00
111
One-Bedroom
$795.00
$795.00
212
Studio
$700.00
$700.00
213
Studio
$700.00
$700.00
214
One-Bedroom
$741.00
$741.00
215
One-Bedroom
$733.00
$733.00
216
Two-Bedroom
$1,050.00
$1,050.00
217
One-Bedroom
$733.00
218
One-Bedroom
$771.00
219
One-Bedroom
$775.00
220
Studio
$647.00
221
One-Bedroom
$775.00
222
One-Bedroom
$746.00
223
One-Bedroom
$773.00
224
One-Bedroom
$875.00
225
One-Bedroom
$750.00
$10.00
$760.00
$19,283.00
$40.00
$19,323.00
Total
Rent
Parking
Total
$750.00 $5.00
$10.00
$773.00
$743.00 $771.00
$10.00
$785.00 $647.00 $775.00
$5.00
$751.00 $773.00 $875.00
SOURCE: Google
SUBJECT PROPERTY
Terry Harding
Senior Vice President 604 691 6615 [email protected]
Jackson Tang
Vice President 604 691 6680 [email protected]
國語, 廣東話, 福建話查詢
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.
Brandon Harding*
Representative 604 691 6630 [email protected]
*Personal Real Estate Corporation
NAI Commercial 1075 W Georgia St, Suite 1300 Vancouver, BC V6E 3C9 +1 604 683 7535 apartmentblocks.ca
17700 58th Avenue Surrey, BC Highlights Opportunity to purchase a 25-unit apartment building located in the heart of the town center with public transit directly outside. Main shopping venues are only two blocks away.
Terry Harding
Senior Vice President 604 691 6615 [email protected]
Jackson Tang
Vice President 604 691 6680 [email protected] 國語, 廣東話, 福建話查詢
Brandon Harding*
Representative 604 691 6630 [email protected] *Personal Real Estate Corporation
NAI Commercial 1075 W Georgia St, Suite 1300 Vancouver, BC V6E 3C9 +1 604 683 7535 apartmentblocks.ca
Property Highlights Legal Description
17700 58th Avenue, Surrey, BC
Lot 137, LD 36, Section 8, Township 8 Plan 34975
PID
007-123-370
Location The subject property is located in the heart of the town center. Public transit is directly outside the property as well as main shopping venues only two blocks away. The very central and convenient nature of this location is why there is never a vacant unit.
Lot Size
27,087 sf (200’ x 125’)
Zoning
Multi-Family Residential Zone 4S
Financial Overview Income/Expenses Rents Laundry Total Income
Year Built 2016 Actual
2017 Annualized
$222,133
$231,876
$6,000
$6,000
$228,133
$237,876
Operating Expenses Caretaker Fees/Management
1965
Suite Mix Bachelor One-Bedroom
19 units
Two-Bedroom
2 units
$8,400
$8,500
$14,509
$13,000
$3,046
$3,200
$11,214
$11,000
$1,325
$1,500
$13,029.98
Appliance Repair & Maintenance
$13,209
$9,500
Financing
Property Taxes
$13,029
$13,500
$2,847
$2,900
Water & Sewer
$18,778
$19,000
Total Expenses
$86,357
$82,100
$141,776
$155,776
Gas Hydro Insurance Licence & Other Fees
Salvage
Net Operating Income
4 units
Total
25 units
Property Tax (2015)
1st mortgage with Peoples Trust of approximately $1,700,000 @ 2.3% for a four-year term. Additional second mortgage financing may be available.
Improvements
Three-storey, wood-frame walk-up with full surface parking
Asking Price $5,125,000
SOURCE: Google
SUBJECT PROPERTY
Rent Roll Suite
Unit Type
101
Studio
$707.00
$707.00
102
One-Bedroom
$739.00
$739.00
103
One-Bedroom
$750.00
104
Two-Bedroom
$768.00
105
One-Bedroom
$748.00
$748.00
106
One-Bedroom
$900.00
$900.00
107
One-Bedroom
$850.00
$850.00
108
One-Bedroom
$748.00
$748.00
109
One-Bedroom
$744.00
$744.00
110
One-Bedroom
$765.00
$765.00
111
One-Bedroom
$795.00
$795.00
212
Studio
$700.00
$700.00
213
Studio
$700.00
$700.00
214
One-Bedroom
$741.00
$741.00
215
One-Bedroom
$733.00
$733.00
216
Two-Bedroom
$1,050.00
$1,050.00
217
One-Bedroom
$733.00
218
One-Bedroom
$771.00
219
One-Bedroom
$775.00
220
Studio
$647.00
221
One-Bedroom
$775.00
222
One-Bedroom
$746.00
223
One-Bedroom
$773.00
224
One-Bedroom
$875.00
225
One-Bedroom
$750.00
$10.00
$760.00
$19,283.00
$40.00
$19,323.00
Total
Rent
Parking
Total
$750.00 $5.00
$10.00
$773.00
$743.00 $771.00
$10.00
$785.00 $647.00 $775.00
$5.00
$751.00 $773.00 $875.00
SOURCE: Google
SUBJECT PROPERTY
Terry Harding
Senior Vice President 604 691 6615 [email protected]
Jackson Tang
Vice President 604 691 6680 [email protected]
國語, 廣東話, 福建話查詢
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.
Brandon Harding*
Representative 604 691 6630 [email protected]
*Personal Real Estate Corporation
NAI Commercial 1075 W Georgia St, Suite 1300 Vancouver, BC V6E 3C9 +1 604 683 7535 apartmentblocks.ca
