MARPOLE 1347 West 72nd Avenue, Vancouver
MARPOLE
1347 West 72nd Avenue, Vancouver $1,500,000 7 Unit Apartment Building 6 1
Suite Mix - 1 Bedroom - 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
1347 West 72nd Avenue, Vancouver The “Francis” is a three storey, walk-up building located on the corner lot of West 72nd and Montcalm Street. It sits on a large, nicely landscaped, corner lot and is of wood construction with stucco and wood exterior. There is a covered entrance with an intercom system, concrete walkway and large glass doors. It has double glazed windows that were replaced in May 2011 and the roof was replaced in 2004. There are two covered and four uncovered parking spots for the tenants as well as seven storage lockers which are included in the rent. The building was re-piped in August 2009 replacing the hot and cold main risers, as well as the main sewer line and the drain tiles were flushed in 2007. The boiler room is clean and has a Saturn series super hot gas boiler for heat, and a separate universal hot water tank that was replaced in 2007 for the domestic hot water and has shut off valves for each unit. There is also a separate storage/workshop/managers office area. The oil tank was removed over 14 years ago. The electrical room has 8 separate meters and a fire alarm panel. The lobby is clean and bright with new carpeting, wood paneling and mailboxes. The laundry room has vinyl flooring, one washer and one dryer that are owned by the building. The hallways have newer carpet on the top two floors, the front staircase has new carpet and the back one has vinyl. There is one unit on the ground floor, and three units on the second and third floors. The end units have balconies and the ground floor unit has a concrete patio off the back. The units are bright and spacious and have well kept original hardwood floors with decorative trim. All suites have smoke and heat detectors, and the electrical boxes are circuit breakers. The Kitchens have vinyl or tile floors, arborite counters, stoves with vented hood fans and frost free fridges. The bedrooms are large and have double closets with bi-fold doors. The bathrooms have mosaic tile floors, original arborite counter tops, small mirror medicine cabinets and full tile tub surrounds. The tenants have mostly been long term tenants. Some units have newer kitchen cabinets, fridges and stoves.
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 1347 West 72nd Avenue, Vancouver
Legal Description:
PID: 014-351-561
Property Taxes:
2012
$4,892.04
Assessments:
2013
$ 1,512,000 Land 12,400 Improvements $ 1,524,400
Zoning:
RM-3A
Constructed:
1964
Lot Size (Ft):
50 x 140
Suite Mix:
6
- 1 Bedroom
1
- 2 Bedroom
7
Units Total
Multiple Dwelling
Chattels:
1 Washer, 1 Dryer, 7 Fridges, 7 Stoves
Contracts:
none
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
1347 West 72nd Avenue, Vancouver Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (1.6%)
$
Total Annual Gross Revenue
70,560 $ 1,260 (1,149)
$
Annual Expenses
Projected
70,671 $ Actual 2012
Business Tax & License Gas Hydro Insurance Property Tax Repairs & Maintenance (normalized) Water and Sewer/Garbage
Total Annual Expenses Total Annual Net Revenue
$ $
Projected
18,346 $ 52,325 $
Expense Ratio
1,500,000
73,918
378 3,935 459 2,986 4,966 4,550 1,072
Capitalization Rate
Purchase Price $
73,860 1,260 (1,202)
378 3,935 459 2,986 4,966 4,550 1,072
18,346 55,572
3.49 %
3.70%
25.96 %
24.82%
Price Per Unit $
214,286
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 – Current
1347 West 72nd Avenue, Vancouver Unit Number
Unit Type
101 201 202 203 301 302 303
2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Square Footage 900 725 625 725 725 625 725
TOTAL
$
$
Monthly Rent
1,100 $ 830 790 770 795 825 770
5,880 $
Market Rent
1,115 840 840 840 840 840 840
6,155
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
1347 West 72nd Avenue, Vancouver
$1,500,000
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
1347 West 72nd Avenue, Vancouver
$1,500,000
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!
1347 West 72nd Avenue, Vancouver $1,500,000 7 Unit Apartment Building 6 1
Suite Mix - 1 Bedroom - 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
1347 West 72nd Avenue, Vancouver The “Francis” is a three storey, walk-up building located on the corner lot of West 72nd and Montcalm Street. It sits on a large, nicely landscaped, corner lot and is of wood construction with stucco and wood exterior. There is a covered entrance with an intercom system, concrete walkway and large glass doors. It has double glazed windows that were replaced in May 2011 and the roof was replaced in 2004. There are two covered and four uncovered parking spots for the tenants as well as seven storage lockers which are included in the rent. The building was re-piped in August 2009 replacing the hot and cold main risers, as well as the main sewer line and the drain tiles were flushed in 2007. The boiler room is clean and has a Saturn series super hot gas boiler for heat, and a separate universal hot water tank that was replaced in 2007 for the domestic hot water and has shut off valves for each unit. There is also a separate storage/workshop/managers office area. The oil tank was removed over 14 years ago. The electrical room has 8 separate meters and a fire alarm panel. The lobby is clean and bright with new carpeting, wood paneling and mailboxes. The laundry room has vinyl flooring, one washer and one dryer that are owned by the building. The hallways have newer carpet on the top two floors, the front staircase has new carpet and the back one has vinyl. There is one unit on the ground floor, and three units on the second and third floors. The end units have balconies and the ground floor unit has a concrete patio off the back. The units are bright and spacious and have well kept original hardwood floors with decorative trim. All suites have smoke and heat detectors, and the electrical boxes are circuit breakers. The Kitchens have vinyl or tile floors, arborite counters, stoves with vented hood fans and frost free fridges. The bedrooms are large and have double closets with bi-fold doors. The bathrooms have mosaic tile floors, original arborite counter tops, small mirror medicine cabinets and full tile tub surrounds. The tenants have mostly been long term tenants. Some units have newer kitchen cabinets, fridges and stoves.
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 1347 West 72nd Avenue, Vancouver
Legal Description:
PID: 014-351-561
Property Taxes:
2012
$4,892.04
Assessments:
2013
$ 1,512,000 Land 12,400 Improvements $ 1,524,400
Zoning:
RM-3A
Constructed:
1964
Lot Size (Ft):
50 x 140
Suite Mix:
6
- 1 Bedroom
1
- 2 Bedroom
7
Units Total
Multiple Dwelling
Chattels:
1 Washer, 1 Dryer, 7 Fridges, 7 Stoves
Contracts:
none
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
1347 West 72nd Avenue, Vancouver Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (1.6%)
$
Total Annual Gross Revenue
70,560 $ 1,260 (1,149)
$
Annual Expenses
Projected
70,671 $ Actual 2012
Business Tax & License Gas Hydro Insurance Property Tax Repairs & Maintenance (normalized) Water and Sewer/Garbage
Total Annual Expenses Total Annual Net Revenue
$ $
Projected
18,346 $ 52,325 $
Expense Ratio
1,500,000
73,918
378 3,935 459 2,986 4,966 4,550 1,072
Capitalization Rate
Purchase Price $
73,860 1,260 (1,202)
378 3,935 459 2,986 4,966 4,550 1,072
18,346 55,572
3.49 %
3.70%
25.96 %
24.82%
Price Per Unit $
214,286
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 – Current
1347 West 72nd Avenue, Vancouver Unit Number
Unit Type
101 201 202 203 301 302 303
2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Square Footage 900 725 625 725 725 625 725
TOTAL
$
$
Monthly Rent
1,100 $ 830 790 770 795 825 770
5,880 $
Market Rent
1,115 840 840 840 840 840 840
6,155
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
1347 West 72nd Avenue, Vancouver
$1,500,000
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
1347 West 72nd Avenue, Vancouver
$1,500,000
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!
