2880 Fir Street, Vancouver.pdf
SOUTH GRANVILLE
2880 Fir Street, Vancouver $2,600,000 8 Unit Apartment Building Suite Mix 3 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 2880 Fir Street, Vancouver The “Esther” is located in prime South Granville, close to shops, restaurants and transportation. It is a three-storey walk up with a fourth floor that has a penthouse and a common area rooftop deck. The building is wood frame construction with stucco exterior and a tar and gravel roof. It sits on a nicely landscaped lot with lawn, trees and shrubs and has 4 extra long parking spots. The tenants have access to five storage lockers and a bike room, as well there is extra storage for the building and yard supplies. The concrete pathway extends to a large, glassed front door with intercom system. The lobby has the tenant mailboxes and nice carpets. The boiler room has a Universal hot water tank and a Saturn Series boiler. There are also individual hot water valves for each unit and they are separately metered for electricity. The laundry room has a brand new Maytag washer and dryer which are owned. The suites have hardwood floors, venetian blinds, in suite heat controls, baseboard radiant heat, intercoms and hardwired heat and smoke detectors. Kitchens have vinyl floors, frost free fridges, arborite counter tops, hood fans, and hardwood cabinets. Bathrooms have tiled floors, tiled counters and tub surround, mirrored cabinets and fans. The units have a lot of character with wood paneling, wainscotting, lots of closet space and fire escapes. Three units have balconies and the top floor has two decks, one for the penthouse unit and one as a common area for tenant use.
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 2880 Fir Street, Vancouver Legal Description:
PID: 014-176-564 Lot 26 Block 410 District Lot 526 Plan 1949
Property Taxes:
2013
$7,506.23
Assessments:
2013
$
1,811,000 Land 383,000 Improvements
$
2,194,000
Zoning:
RM3
Constructed:
1957
Lot Size:
50’ x 125’
Suite Mix:
3
- Bachelor
4
- 1 Bedroom
1
- 2 Bedroom
8
Units Total
Chattels:
Multiple Family Dwelling
8 Fridges, 8 Stoves, 1 washer, 1 dryer
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 2880 Fir Street, Vancouver
Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (.7%)
With Conversion
$
119,592 $ 1,440 (847)
139,848 1,440 (989)
Total Annual Gross Revenue $
120,185 $
140,299
Annual Expenses
Actual 2012
Gas Hydro Insurance (adjusted) Property Tax Repairs & Maintenance(estimated) Waste Collection Water and Sewer
$
9,164 812 4,580 8,535 5,200 900 2,508
Total Annual Expenses Total Annual Net Revenue
$ $
31,699 $ 88,486 $
Capitalization Rate Expense Ratio
Purchase Price $
Projected 9,164 812 4580 8,535 5,200 900 2,508
31,699 108,600
3.40 %
4.17 %
26.37 %
22.59 %
2,600,000 $
325,000
Notes: Actual 2012 rental income is $91,301 Laundry is currently free in the building. Please note that our “with conversion rates” are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline. This building was purposely built for the existing owner. The suites are very large and normally a building this size would be approximately 11 units. The possibility to convert the one bedroom units into two bedroom units depends solely on the confirmation from the City of Vancouver.
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 – July 2013 2880 Fir Street, Vancouver
Unit Number 101 102 203 204 305 306 307 401 TOTAL
Unit Type Bachelor 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom Bachelor 1 Bedroom Bachelor
Square Footage 491 777 1,400 1,090 1,111 496 855 421
$
$
Monthly With Rent Conversion 850 $ 1,104 1,050 1,563 2,090* 2,090 1,350 1,563 1,404 1,563 1,013.25 1,104 1,258.75 1,563 950 1,104 9,966 $ 11,654
Notes: Please note that our “with conversion rates” are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline. This building was purposely built for the existing owner. The suites are very large and normally a building this size would be approximately 11 units. The possibility to convert the one bedroom units into two bedroom units depends solely on the confirmation from the City of Vancouver. *Unit 203 is currently occupied by a family member/relative of the owner who intends to stay when the building is sold and to pay rent. Rent shown is projected and not guaranteed.
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 2880 Fir Street, Vancouver
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!
2880 Fir Street, Vancouver $2,600,000 8 Unit Apartment Building Suite Mix 3 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 2880 Fir Street, Vancouver The “Esther” is located in prime South Granville, close to shops, restaurants and transportation. It is a three-storey walk up with a fourth floor that has a penthouse and a common area rooftop deck. The building is wood frame construction with stucco exterior and a tar and gravel roof. It sits on a nicely landscaped lot with lawn, trees and shrubs and has 4 extra long parking spots. The tenants have access to five storage lockers and a bike room, as well there is extra storage for the building and yard supplies. The concrete pathway extends to a large, glassed front door with intercom system. The lobby has the tenant mailboxes and nice carpets. The boiler room has a Universal hot water tank and a Saturn Series boiler. There are also individual hot water valves for each unit and they are separately metered for electricity. The laundry room has a brand new Maytag washer and dryer which are owned. The suites have hardwood floors, venetian blinds, in suite heat controls, baseboard radiant heat, intercoms and hardwired heat and smoke detectors. Kitchens have vinyl floors, frost free fridges, arborite counter tops, hood fans, and hardwood cabinets. Bathrooms have tiled floors, tiled counters and tub surround, mirrored cabinets and fans. The units have a lot of character with wood paneling, wainscotting, lots of closet space and fire escapes. Three units have balconies and the top floor has two decks, one for the penthouse unit and one as a common area for tenant use.
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 2880 Fir Street, Vancouver Legal Description:
PID: 014-176-564 Lot 26 Block 410 District Lot 526 Plan 1949
Property Taxes:
2013
$7,506.23
Assessments:
2013
$
1,811,000 Land 383,000 Improvements
$
2,194,000
Zoning:
RM3
Constructed:
1957
Lot Size:
50’ x 125’
Suite Mix:
3
- Bachelor
4
- 1 Bedroom
1
- 2 Bedroom
8
Units Total
Chattels:
Multiple Family Dwelling
8 Fridges, 8 Stoves, 1 washer, 1 dryer
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 2880 Fir Street, Vancouver
Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (.7%)
With Conversion
$
119,592 $ 1,440 (847)
139,848 1,440 (989)
Total Annual Gross Revenue $
120,185 $
140,299
Annual Expenses
Actual 2012
Gas Hydro Insurance (adjusted) Property Tax Repairs & Maintenance(estimated) Waste Collection Water and Sewer
$
9,164 812 4,580 8,535 5,200 900 2,508
Total Annual Expenses Total Annual Net Revenue
$ $
31,699 $ 88,486 $
Capitalization Rate Expense Ratio
Purchase Price $
Projected 9,164 812 4580 8,535 5,200 900 2,508
31,699 108,600
3.40 %
4.17 %
26.37 %
22.59 %
2,600,000 $
325,000
Notes: Actual 2012 rental income is $91,301 Laundry is currently free in the building. Please note that our “with conversion rates” are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline. This building was purposely built for the existing owner. The suites are very large and normally a building this size would be approximately 11 units. The possibility to convert the one bedroom units into two bedroom units depends solely on the confirmation from the City of Vancouver.
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 – July 2013 2880 Fir Street, Vancouver
Unit Number 101 102 203 204 305 306 307 401 TOTAL
Unit Type Bachelor 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom Bachelor 1 Bedroom Bachelor
Square Footage 491 777 1,400 1,090 1,111 496 855 421
$
$
Monthly With Rent Conversion 850 $ 1,104 1,050 1,563 2,090* 2,090 1,350 1,563 1,404 1,563 1,013.25 1,104 1,258.75 1,563 950 1,104 9,966 $ 11,654
Notes: Please note that our “with conversion rates” are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline. This building was purposely built for the existing owner. The suites are very large and normally a building this size would be approximately 11 units. The possibility to convert the one bedroom units into two bedroom units depends solely on the confirmation from the City of Vancouver. *Unit 203 is currently occupied by a family member/relative of the owner who intends to stay when the building is sold and to pay rent. Rent shown is projected and not guaranteed.
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 2880 Fir Street, Vancouver
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!
