6730 Burlington Avenue, Burnaby.pdf
METROTOWN
6730 Burlington Avenue, Burnaby $3,300,000 18 Unit Apartment Building Suite Mix 13 - 1 Bedroom 4 - 2 Bedroom 1 - 2 Bedroom P/H
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 6730 Burlington Avenue, Burnaby “Holly Manor” is a 2.5 storey walk-up, located in the Metrotown area near Imperial Street, and is walking distance to shops, restaurants and transportation. It sits on a large block of land and has future development potential. It is wood frame construction with newly painted stucco exterior. The front is nicely landscaped with hedges and has a concrete walkway leading to a covered entrance with an intercom system. The boiler room is very large with extra space for a workshop. It has the original gas multi-temp Hydrotherm furnace for hot water heat, and a separate universal tank for the domestic hot water. There are 19 upgraded meters and the circulating lines in units have all been upgraded. The roof is torch on and was replaced 20 years ago. There are 20 open parking stalls and 14 storage lockers for the tenants. The lobby has large front glass doors that bring in lots of natural light, mailboxes, wood paneling, mosaic tile & carpet flooring. The hallways and stairways have carpet that was replaced 12 years ago. The laundry room is clean and bright, has vinyl flooring, one washer and two dryers that are rented from Phelps, a utility sink, and a hook up for another washer. The units have intercoms, in suite heat controls, baseboard radiant heat and the electrical panels are fuses. They also have either carpet or parquet hardwood floors in the living rooms, and venetian blinds for window coverings. The kitchens have vinyl floors, arborite counter tops, fridges and stoves with hood fans. Half of the fridges have been upgraded to frost free, and one quarter of stoves are fairly new. The bedrooms are large and have parquet hardwood floors and lots of closet space. The bathrooms have vinyl floors, arborite counter tops, original fixtures, tile tub surrounds and are vented with heat lamps. The penthouse unit has two bathrooms. Two 2bedrooms and two 1-bedrooms have in suite storage. The units are fully rented and there is also an old lounge space that is rented out to a tenant for storage space.
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 6730 Burlington Avenue, Burnaby Legal Description:
PID: 012-037-869/877/885/851 Lot 6 Block 1 District Lot 152 Group 1 New Westminster District Plan 1209
Property Taxes:
2012
$22,579.91 (includes utilities)
Assessments:
2013
$ 1,878,000 Land 1,193,000 Improvements $ 3,071,000
Zoning:
RM-3
Multiple Dwelling
Constructed:
1965
Lot Size:(Ft)
132’ x 123.49’ (16,300 s.f.)
Suite Mix:
13 - 1 Bedroom 4
- 2 Bedroom
1
- 2 Bedroom Penthouse
18
Units Total
Chattels:
18 Stoves, 18 Fridges
Contracts:
Phelps Laundry
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 6730 Burlington Avenue, Burnaby Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (1.7%)
$
Total Annual Gross Revenue
$
Annual Expenses
180,252 3,240 (3,119)
Projected $
211,872 3,240 (3,656)
180,373 $
211,456
Actual 2012
Business Tax & License Gas Hydro Insurance Property Tax Repairs & Maintenance (normalized) Waste Collection Water and Sewer
528 15,289 964 5,959 12,091 11,700 2027 9,965
Total Annual Expenses Total Annual Net Revenue
$ $
Capitalization Rate Expense Ratio
Purchase Price $
3,300,000
58,523 $ 121,850 $
Projected 528 15,289 964 5,959 12,091 11,700 2027 9,965
58,523 152,933
3.69 %
4.63 %
32.45 %
27.68 %
Price Per Unit $
183,333
Expenses do not include $8,400 for Caretaker
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 – December 2012 6730 Burlington Avenue, Burnaby
Unit Number
Unit Type
Square Footage
101 102 104 105 106 107 108 109 201 202 203 204 205 206 207 208 209 301
1 Bedroom
725 859 725 725 859 725 725 725 725 859 725 725 725 859 725 725 725 1,000
2 Bedroom
1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom Penthouse
TOTAL
Monthly Rent
Market Rent
$
730 960 780 750 950 790 750 780 790 950 735 756 785 970 780 800 755 1,210
$
904 1,151 904 904 1,151 904 904 904 904 1,151 904 904 904 1,151 904 904 904 1,300
$
15,021
$
17,656
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 6730 Burlington Avenue, Burnaby
$3,300,000
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!
LOCATION 6730 Burlington Avenue, Burnaby
$3,300,000
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!
6730 Burlington Avenue, Burnaby $3,300,000 18 Unit Apartment Building Suite Mix 13 - 1 Bedroom 4 - 2 Bedroom 1 - 2 Bedroom P/H
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 6730 Burlington Avenue, Burnaby “Holly Manor” is a 2.5 storey walk-up, located in the Metrotown area near Imperial Street, and is walking distance to shops, restaurants and transportation. It sits on a large block of land and has future development potential. It is wood frame construction with newly painted stucco exterior. The front is nicely landscaped with hedges and has a concrete walkway leading to a covered entrance with an intercom system. The boiler room is very large with extra space for a workshop. It has the original gas multi-temp Hydrotherm furnace for hot water heat, and a separate universal tank for the domestic hot water. There are 19 upgraded meters and the circulating lines in units have all been upgraded. The roof is torch on and was replaced 20 years ago. There are 20 open parking stalls and 14 storage lockers for the tenants. The lobby has large front glass doors that bring in lots of natural light, mailboxes, wood paneling, mosaic tile & carpet flooring. The hallways and stairways have carpet that was replaced 12 years ago. The laundry room is clean and bright, has vinyl flooring, one washer and two dryers that are rented from Phelps, a utility sink, and a hook up for another washer. The units have intercoms, in suite heat controls, baseboard radiant heat and the electrical panels are fuses. They also have either carpet or parquet hardwood floors in the living rooms, and venetian blinds for window coverings. The kitchens have vinyl floors, arborite counter tops, fridges and stoves with hood fans. Half of the fridges have been upgraded to frost free, and one quarter of stoves are fairly new. The bedrooms are large and have parquet hardwood floors and lots of closet space. The bathrooms have vinyl floors, arborite counter tops, original fixtures, tile tub surrounds and are vented with heat lamps. The penthouse unit has two bathrooms. Two 2bedrooms and two 1-bedrooms have in suite storage. The units are fully rented and there is also an old lounge space that is rented out to a tenant for storage space.
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 6730 Burlington Avenue, Burnaby Legal Description:
PID: 012-037-869/877/885/851 Lot 6 Block 1 District Lot 152 Group 1 New Westminster District Plan 1209
Property Taxes:
2012
$22,579.91 (includes utilities)
Assessments:
2013
$ 1,878,000 Land 1,193,000 Improvements $ 3,071,000
Zoning:
RM-3
Multiple Dwelling
Constructed:
1965
Lot Size:(Ft)
132’ x 123.49’ (16,300 s.f.)
Suite Mix:
13 - 1 Bedroom 4
- 2 Bedroom
1
- 2 Bedroom Penthouse
18
Units Total
Chattels:
18 Stoves, 18 Fridges
Contracts:
Phelps Laundry
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 6730 Burlington Avenue, Burnaby Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (1.7%)
$
Total Annual Gross Revenue
$
Annual Expenses
180,252 3,240 (3,119)
Projected $
211,872 3,240 (3,656)
180,373 $
211,456
Actual 2012
Business Tax & License Gas Hydro Insurance Property Tax Repairs & Maintenance (normalized) Waste Collection Water and Sewer
528 15,289 964 5,959 12,091 11,700 2027 9,965
Total Annual Expenses Total Annual Net Revenue
$ $
Capitalization Rate Expense Ratio
Purchase Price $
3,300,000
58,523 $ 121,850 $
Projected 528 15,289 964 5,959 12,091 11,700 2027 9,965
58,523 152,933
3.69 %
4.63 %
32.45 %
27.68 %
Price Per Unit $
183,333
Expenses do not include $8,400 for Caretaker
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 – December 2012 6730 Burlington Avenue, Burnaby
Unit Number
Unit Type
Square Footage
101 102 104 105 106 107 108 109 201 202 203 204 205 206 207 208 209 301
1 Bedroom
725 859 725 725 859 725 725 725 725 859 725 725 725 859 725 725 725 1,000
2 Bedroom
1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom Penthouse
TOTAL
Monthly Rent
Market Rent
$
730 960 780 750 950 790 750 780 790 950 735 756 785 970 780 800 755 1,210
$
904 1,151 904 904 1,151 904 904 904 904 1,151 904 904 904 1,151 904 904 904 1,300
$
15,021
$
17,656
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 6730 Burlington Avenue, Burnaby
$3,300,000
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!
LOCATION 6730 Burlington Avenue, Burnaby
$3,300,000
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!
