Unit Number
BURNABY
5977-5979 Wilson Avenue, Burnaby $8,500,000 62 Unit Apartment Building Suite Mix 36 - 1 Bedroom (2 u/a) 22 – 2 Bedroom 4 - 3 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 5977-5979 Wilson Avenue, Burnaby “Marco Court” consists of two three-storey walk up apartments located in the Metrotown area of Burnaby and are walking distance to Metrotown Mall, skytrain, and all other amenities. The buildings consist of wood construction with stucco exterior and each has 31 units. There are balconies on 30 of the units. The property is nicely landscaped and the buildings are separated by a large courtyard. There are 44 open parking stalls and 60 storage lockers. There is a laundry room in each building with 2 Maytag washers and 2 Maytag dryers respectively which are owned by the building. The Teledyne Laars water boiler for heating the building was installed in 1997. The hot and cold copper piping was replaced in 2003, the torched on roof in 2002, and the hot water tanks in 2007. The entrance has a large lobby with mailboxes for each unit. The ceilings are Tbar on the main floor. The large bright suites have hard wood floors, smoke and heat detectors, intercom systems, range and bathroom fans and in suite heat controls. Kitchen upgrades include new frost free fridges, new stoves, and 75% of the units having the cabinets refurbished.
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 5977-5979 Wilson Avenue, Burnaby
Legal Description:
Lot 58 DL 151 and 153 Group 1 NWD Plan 25603
Suite Mix – 62 Units Total
36 - 1 Bedroom (2 u/a) 22 – 2 Bedroom 4 - 3 Bedroom
Chattels:
62 fridges, 62 stoves 4 washers, 4 dryers
Zoning:
RM3 Multifamily Residential
Lot Size:
53,844 sq.ft.
Age:
41/47 Years (Constructed 1963/1969)
Property Taxes 2009:
$58,225.73
Assessments 2010:
Land $4,310,000 Improvements $1,771,000 Total $6,081,000
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
5977-5979 Wilson Avenue, Burnaby Annual Revenue Rental Income (rents x 12) Laundry Parking Less Vacancy Rate (1.5%) Total Annual Gross Revenue
Jan – Dec 2009 $671,304 11,160 6,960 (10,341)
Projected $733,200 11,160 6,960 (11,269)
$679,083
$740,051
Annual Expenses Office and Miscellaneous Gas and Electricity Insurance Property Taxes Repairs & Maintenance (actualized) Salaries & Benefits (estimated)* Total Annual Expenses Total Annual Net Revenue
2,292 60,117 24,037 55,463 46,107 30,000
2,292 60,117 24,037 55,463 46,107 30,000
$218,016 $461,067
$218,016 $522,035
Capitalization Rate Expense Ratio Purchase Price/Price Per Unit
5.42% 32.10% $8,500,000
6.14% 29.46% $137,097
Projected amounts are based on market research. We strongly recommend that you do your own research as this is only to be used as a guideline. *Please note the owner is managing the building. This is an estimated budget for salaries and benefits. Expenses do not include $3,700 appliances, $5,062 security monitor.
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 – January 2010
5977-5979 Wilson Avenue, Burnaby Unit Number 99 100 102 103 104 105 106 201 202 203 204 205 206 207 208 209 210 211 212 301 302 303 304 305 306 307 308 309 310 311 312 TOTAL
Unit Type 3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom
Monthly Rent 1,350 700 830 741 1,100 1,061 830 829 820 1,026 1,100 830 830 725 830 1,100 949 830 1,005 829 830 994 949 820 725 830 785 935 1,100 830 949 $28,062
Market Rents 1,350 875 875 875 1,100 1,350 875 875 875 1,100 1,100 875 875 875 875 1,100 1,100 875 1,100 875 875 1,100 1,100 875 875 875 875 1,100 1,100 875 1,100 $30,550
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 – January 2010
5977-5979 Wilson Avenue, Burnaby Unit Number 98 101 102 103 104 105 106 201 202 203 204 205 206 207 208 209 210 211 212 301 302 303 304 305 306 307 308 309 310 311 312 TOTAL
Unit Type 1 Bedroom u/a 3 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom
Monthly Rent 830 1,182 830 725 1,050 1,061 689 820 820 1,100 1,100 820 777 830 830 1,100 949 798 1,100 829 725 1,016 1,100 830 725 719 830 935 956 704 1,100 $27,880
Market Rents 875 1,350 875 875 1,100 1,350 875 875 875 1,100 1,100 875 875 875 875 1,100 1,100 875 1,100 875 875 1,100 1,100 875 875 875 875 1,100 1,100 875 1,100 $30,550
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 5977-5979 Wilson 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
5977-5979 Wilson Avenue, Burnaby $8,500,000 62 Unit Apartment Building Suite Mix 36 - 1 Bedroom (2 u/a) 22 – 2 Bedroom 4 - 3 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 5977-5979 Wilson Avenue, Burnaby “Marco Court” consists of two three-storey walk up apartments located in the Metrotown area of Burnaby and are walking distance to Metrotown Mall, skytrain, and all other amenities. The buildings consist of wood construction with stucco exterior and each has 31 units. There are balconies on 30 of the units. The property is nicely landscaped and the buildings are separated by a large courtyard. There are 44 open parking stalls and 60 storage lockers. There is a laundry room in each building with 2 Maytag washers and 2 Maytag dryers respectively which are owned by the building. The Teledyne Laars water boiler for heating the building was installed in 1997. The hot and cold copper piping was replaced in 2003, the torched on roof in 2002, and the hot water tanks in 2007. The entrance has a large lobby with mailboxes for each unit. The ceilings are Tbar on the main floor. The large bright suites have hard wood floors, smoke and heat detectors, intercom systems, range and bathroom fans and in suite heat controls. Kitchen upgrades include new frost free fridges, new stoves, and 75% of the units having the cabinets refurbished.
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 5977-5979 Wilson Avenue, Burnaby
Legal Description:
Lot 58 DL 151 and 153 Group 1 NWD Plan 25603
Suite Mix – 62 Units Total
36 - 1 Bedroom (2 u/a) 22 – 2 Bedroom 4 - 3 Bedroom
Chattels:
62 fridges, 62 stoves 4 washers, 4 dryers
Zoning:
RM3 Multifamily Residential
Lot Size:
53,844 sq.ft.
Age:
41/47 Years (Constructed 1963/1969)
Property Taxes 2009:
$58,225.73
Assessments 2010:
Land $4,310,000 Improvements $1,771,000 Total $6,081,000
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
5977-5979 Wilson Avenue, Burnaby Annual Revenue Rental Income (rents x 12) Laundry Parking Less Vacancy Rate (1.5%) Total Annual Gross Revenue
Jan – Dec 2009 $671,304 11,160 6,960 (10,341)
Projected $733,200 11,160 6,960 (11,269)
$679,083
$740,051
Annual Expenses Office and Miscellaneous Gas and Electricity Insurance Property Taxes Repairs & Maintenance (actualized) Salaries & Benefits (estimated)* Total Annual Expenses Total Annual Net Revenue
2,292 60,117 24,037 55,463 46,107 30,000
2,292 60,117 24,037 55,463 46,107 30,000
$218,016 $461,067
$218,016 $522,035
Capitalization Rate Expense Ratio Purchase Price/Price Per Unit
5.42% 32.10% $8,500,000
6.14% 29.46% $137,097
Projected amounts are based on market research. We strongly recommend that you do your own research as this is only to be used as a guideline. *Please note the owner is managing the building. This is an estimated budget for salaries and benefits. Expenses do not include $3,700 appliances, $5,062 security monitor.
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 – January 2010
5977-5979 Wilson Avenue, Burnaby Unit Number 99 100 102 103 104 105 106 201 202 203 204 205 206 207 208 209 210 211 212 301 302 303 304 305 306 307 308 309 310 311 312 TOTAL
Unit Type 3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom
Monthly Rent 1,350 700 830 741 1,100 1,061 830 829 820 1,026 1,100 830 830 725 830 1,100 949 830 1,005 829 830 994 949 820 725 830 785 935 1,100 830 949 $28,062
Market Rents 1,350 875 875 875 1,100 1,350 875 875 875 1,100 1,100 875 875 875 875 1,100 1,100 875 1,100 875 875 1,100 1,100 875 875 875 875 1,100 1,100 875 1,100 $30,550
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 – January 2010
5977-5979 Wilson Avenue, Burnaby Unit Number 98 101 102 103 104 105 106 201 202 203 204 205 206 207 208 209 210 211 212 301 302 303 304 305 306 307 308 309 310 311 312 TOTAL
Unit Type 1 Bedroom u/a 3 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom
Monthly Rent 830 1,182 830 725 1,050 1,061 689 820 820 1,100 1,100 820 777 830 830 1,100 949 798 1,100 829 725 1,016 1,100 830 725 719 830 935 956 704 1,100 $27,880
Market Rents 875 1,350 875 875 1,100 1,350 875 875 875 1,100 1,100 875 875 875 875 1,100 1,100 875 1,100 875 875 1,100 1,100 875 875 875 875 1,100 1,100 875 1,100 $30,550
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 5977-5979 Wilson 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
