Unit Number
LANGLEY
20244 Michaud Crescent, Langley $2,200,000 14 Unit Apartment Building Suite Mix 14 - 2 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 20244 Michaud Crescent, Langley
The “Chelsea Terrace” is on a nice quiet street, close to parks, shopping, bus transportation. This three storey walkup is wood construction with vinyl exterior and sits on a nicely landscaped lot. The building consists of 14-2 Bedroom units, 11 of them are 2 storeys with balconies except for one which has 2 balconies, and the remaining 3 units are rancher style. The duroid roof was installed in 2008 and has a 30 year warranty. There are 5 storage spaces, 10 garages with 10 parking spots in the back. Units have their own hot water tanks, 7 of which have been recently replaced. There are 5 appliances in each unit: fridge, stove, washer, dryer and dishwasher. Units also have smoke and heat detectors, intercom system, range and bathroom fans, in suite heat controls and lots of closet space. The windows are all double glazed and come with screens and window blinds. Run by the original owner, this building is a landlord’s dream, with tenants paying all utilities! 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 20244 Michaud Crescent, Langley
Legal Description:
PID #008-321-787 Lot 2 DL 305 Group 2 NWD Plan 5686
Suite Mix – 14 Units Total
14 - 2 Bedroom
Chattels:
14 fridges, 14 stoves, 14 dishwashers 14 washers, 14 dryers
Zoning:
Multifamily Apartment Block
Age:
22 Years (Constructed in 1988)
Lot Size:
.49 acres
Property Taxes 2009:
$ 9,085.94
Assessments 2010:
Land $ 252,000 Improvements $1,336,000 Total $1,588,000
Contracts
Waste Management
Financial Encumbrances:
Treat as clear title
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 20244 Michaud Crescent, Langley Annual Revenue Rental Income (rents x 12) Less Vacancy Rate (2%) Total Annual Gross Revenue Annual Expenses Advertising Business License Hydro Insurance Property Taxes Repairs & Maintenance Waste Collection Water & Sewer Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price/Price Per Unit
$151,320 (3,026)
Projected $156,060 (3,121)
$148,294
$152,939
2009 270 528 1,965 2,832 9,086 9,817 1,907 4,515
2009 270 528 1,965 2,832 9,086 9,817 1,907 4,515
$30,920 $117,374
$30,920 $122,019
5.34% 20.85% $2,200,000
5.55% 20.21% $157,143
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 – April 2010
20244 Michaud Crescent, Langley
Unit Unit Type Parking/Garage Monthly Rent Market Rents Number 101 2 Bedroom 1 Bath Garage 865 925 102 2 Bedroom 1 Bath Garage 765 925 103 2 Bedroom 1 Bath Garage 925 925 201 2 Bedroom 2 Bath Parking 895 930 202 2 Bedroom 2 Bath Garage 995 930 203 2 Bedroom 2 Bath Parking 895 930 204 2 Bedroom 2 Bath Parking 875 930 205 2 Bedroom 2 Bath Garage 930 930 206 2 Bedroom 2 Bath Parking (2) 905 930 207 2 Bedroom 2 Bath Garage 860 930 208 2 Bedroom 2 Bath Parking 905 930 209 2 Bedroom 2 Bath Garage (2) 975 930 210 2 Bedroom & Den Garage 925 930 211 2 Bedroom 2 Bath Parking 895 930 TOTAL $12,610 $13,005 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 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
20244 Michaud Crescent, Langley
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
20244 Michaud Crescent, Langley $2,200,000 14 Unit Apartment Building Suite Mix 14 - 2 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 20244 Michaud Crescent, Langley
The “Chelsea Terrace” is on a nice quiet street, close to parks, shopping, bus transportation. This three storey walkup is wood construction with vinyl exterior and sits on a nicely landscaped lot. The building consists of 14-2 Bedroom units, 11 of them are 2 storeys with balconies except for one which has 2 balconies, and the remaining 3 units are rancher style. The duroid roof was installed in 2008 and has a 30 year warranty. There are 5 storage spaces, 10 garages with 10 parking spots in the back. Units have their own hot water tanks, 7 of which have been recently replaced. There are 5 appliances in each unit: fridge, stove, washer, dryer and dishwasher. Units also have smoke and heat detectors, intercom system, range and bathroom fans, in suite heat controls and lots of closet space. The windows are all double glazed and come with screens and window blinds. Run by the original owner, this building is a landlord’s dream, with tenants paying all utilities! 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 20244 Michaud Crescent, Langley
Legal Description:
PID #008-321-787 Lot 2 DL 305 Group 2 NWD Plan 5686
Suite Mix – 14 Units Total
14 - 2 Bedroom
Chattels:
14 fridges, 14 stoves, 14 dishwashers 14 washers, 14 dryers
Zoning:
Multifamily Apartment Block
Age:
22 Years (Constructed in 1988)
Lot Size:
.49 acres
Property Taxes 2009:
$ 9,085.94
Assessments 2010:
Land $ 252,000 Improvements $1,336,000 Total $1,588,000
Contracts
Waste Management
Financial Encumbrances:
Treat as clear title
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 20244 Michaud Crescent, Langley Annual Revenue Rental Income (rents x 12) Less Vacancy Rate (2%) Total Annual Gross Revenue Annual Expenses Advertising Business License Hydro Insurance Property Taxes Repairs & Maintenance Waste Collection Water & Sewer Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price/Price Per Unit
$151,320 (3,026)
Projected $156,060 (3,121)
$148,294
$152,939
2009 270 528 1,965 2,832 9,086 9,817 1,907 4,515
2009 270 528 1,965 2,832 9,086 9,817 1,907 4,515
$30,920 $117,374
$30,920 $122,019
5.34% 20.85% $2,200,000
5.55% 20.21% $157,143
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 – April 2010
20244 Michaud Crescent, Langley
Unit Unit Type Parking/Garage Monthly Rent Market Rents Number 101 2 Bedroom 1 Bath Garage 865 925 102 2 Bedroom 1 Bath Garage 765 925 103 2 Bedroom 1 Bath Garage 925 925 201 2 Bedroom 2 Bath Parking 895 930 202 2 Bedroom 2 Bath Garage 995 930 203 2 Bedroom 2 Bath Parking 895 930 204 2 Bedroom 2 Bath Parking 875 930 205 2 Bedroom 2 Bath Garage 930 930 206 2 Bedroom 2 Bath Parking (2) 905 930 207 2 Bedroom 2 Bath Garage 860 930 208 2 Bedroom 2 Bath Parking 905 930 209 2 Bedroom 2 Bath Garage (2) 975 930 210 2 Bedroom & Den Garage 925 930 211 2 Bedroom 2 Bath Parking 895 930 TOTAL $12,610 $13,005 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 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
20244 Michaud Crescent, Langley
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
