Unit Number
METROTOWN
6649 Sussex Avenue, Burnaby $1,550,000 10 Unit Apartment Building Suite Mix 1 - Bachelor 9 - 1 Bedroom BILL GOOLD or ANTHONY KANJER
(604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
BUILDING SUMMARY 6649 Sussex Avenue, Burnaby
“Sussex Place” is located in the Metrotown area of Burnaby, walking distance to Metrotown Mall, bus transportation and a skytrain station. Built in 1957, this two storey walk up consists of wood construction with stucco exterior and has a tar and gravel roof. A well maintained property throughout, this apartment has a 6 stall carport and storage lockers for each unit. The clean and bright hallways were repainted in 2006, have BC Powersmart lighting and have newer carpets. The mailboxes are in the hallways and on the second floor there is a skylight which, along with the glass in the stairwells, brings in a lot of natural light. The laundry room has one washer and one dryer which are leased. There is a superhot boiler that was replaced in 2003 as well as 2 separate hot water tanks. All suites have hardwood flooring, smoke and heat detectors, and newer appliances.
BILL GOOLD or ANTHONY KANJER (604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
RENT ROLL – September 2009 6649 Sussex Avenue, Burnaby
Unit Number 01 02 03 04 05 06 07 08 09 10 TOTAL
Unit Type Bachelor 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent 648 704 665 704 704 693 704 704 688 704 $6,918
Market Rents 750 850 850 850 850 850 850 850 850 850 $8,400
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is to only be used as a guideline.
BILL GOOLD or ANTHONY KANJER (604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
FINANCIAL SUMMARY 6649 Sussex Avenue, Burnaby
Annual Revenue Rental Income (rent roll x 12) Laundry Parking Less Vacancy Rate (1%) Total Annual Gross Revenue Annual Expenses Jan- Dec Cablevision Gas Hydro Insurance Laundry Equipment Property Taxes & Licenses Repairs & Maintenance (normalized) Waste Collection Water & Sewer Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price/Price Per Unit
Actual $83,016 240 (832)
Market Rents $100,800 1,680 240 (1,027)
$82,424
$101,693
2008 2,329 10,494 622 6,693 797 5,576 7,500 1,012 4,045
2,329 10,494 622 6,693 797 5,576 7,500 1,012 4,045
$39,068 $43,356
$39,068 $62,625
2.79% 47.39% $1,550,000
4.04% 38.41% $155,000
Expenses not including management fees of $4,234.47 and appliance and hot water tank replacement of $1,168.23
BILL GOOLD or ANTHONY KANJER (604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
PROPERTY INFORMATION 6649 Sussex Avenue, Burnaby
Legal Description
PID #003-227-871 Lot 27 District Lot 153 Group 1 New Westminster District Plan 1566
Suite Mix – 10 Units Total
1 - Bachelor 9 - 1 Bedroom
Chattels:
10 fridges, 10 stoves
Zoning
RM3 Multifamily Residential
Lot Size
8778 sq.ft.
Age
52 Years (Constructed 1957)
Property Taxes 2009
$10,704.08
Assessments 2009
Land $ 746,000 Improvements $ 516,000 Total $1,262,000
Financial Encumbrances
Treat as Clear Title
Contracts
Coinamatic, Shaw Cable
BILL GOOLD or ANTHONY KANJER (604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
LOCATION 6649 Sussex Avenue, Burnaby
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
6649 Sussex Avenue, Burnaby $1,550,000 10 Unit Apartment Building Suite Mix 1 - Bachelor 9 - 1 Bedroom BILL GOOLD or ANTHONY KANJER
(604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
BUILDING SUMMARY 6649 Sussex Avenue, Burnaby
“Sussex Place” is located in the Metrotown area of Burnaby, walking distance to Metrotown Mall, bus transportation and a skytrain station. Built in 1957, this two storey walk up consists of wood construction with stucco exterior and has a tar and gravel roof. A well maintained property throughout, this apartment has a 6 stall carport and storage lockers for each unit. The clean and bright hallways were repainted in 2006, have BC Powersmart lighting and have newer carpets. The mailboxes are in the hallways and on the second floor there is a skylight which, along with the glass in the stairwells, brings in a lot of natural light. The laundry room has one washer and one dryer which are leased. There is a superhot boiler that was replaced in 2003 as well as 2 separate hot water tanks. All suites have hardwood flooring, smoke and heat detectors, and newer appliances.
BILL GOOLD or ANTHONY KANJER (604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
RENT ROLL – September 2009 6649 Sussex Avenue, Burnaby
Unit Number 01 02 03 04 05 06 07 08 09 10 TOTAL
Unit Type Bachelor 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent 648 704 665 704 704 693 704 704 688 704 $6,918
Market Rents 750 850 850 850 850 850 850 850 850 850 $8,400
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is to only be used as a guideline.
BILL GOOLD or ANTHONY KANJER (604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
FINANCIAL SUMMARY 6649 Sussex Avenue, Burnaby
Annual Revenue Rental Income (rent roll x 12) Laundry Parking Less Vacancy Rate (1%) Total Annual Gross Revenue Annual Expenses Jan- Dec Cablevision Gas Hydro Insurance Laundry Equipment Property Taxes & Licenses Repairs & Maintenance (normalized) Waste Collection Water & Sewer Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price/Price Per Unit
Actual $83,016 240 (832)
Market Rents $100,800 1,680 240 (1,027)
$82,424
$101,693
2008 2,329 10,494 622 6,693 797 5,576 7,500 1,012 4,045
2,329 10,494 622 6,693 797 5,576 7,500 1,012 4,045
$39,068 $43,356
$39,068 $62,625
2.79% 47.39% $1,550,000
4.04% 38.41% $155,000
Expenses not including management fees of $4,234.47 and appliance and hot water tank replacement of $1,168.23
BILL GOOLD or ANTHONY KANJER (604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
PROPERTY INFORMATION 6649 Sussex Avenue, Burnaby
Legal Description
PID #003-227-871 Lot 27 District Lot 153 Group 1 New Westminster District Plan 1566
Suite Mix – 10 Units Total
1 - Bachelor 9 - 1 Bedroom
Chattels:
10 fridges, 10 stoves
Zoning
RM3 Multifamily Residential
Lot Size
8778 sq.ft.
Age
52 Years (Constructed 1957)
Property Taxes 2009
$10,704.08
Assessments 2009
Land $ 746,000 Improvements $ 516,000 Total $1,262,000
Financial Encumbrances
Treat as Clear Title
Contracts
Coinamatic, Shaw Cable
BILL GOOLD or ANTHONY KANJER (604) 263-2823 [email protected]
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
LOCATION 6649 Sussex Avenue, Burnaby
RE/MAX Bill Goold Realty Phone: 604-263-2823 #410 North Tower, 650 West 41st Avenue Fax: 604-263-1057 Vancouver, BC V5Z 2M9 www.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
