Unit Number
EAST VANCOUVER
90 East 11th Avenue, Vancouver $6,580,000 36 Unit Apartment Building Suite Mix 13 - Studio 21 - 1 Bedroom 2 - 2 Bedroom BILL GOOLD or ANTHONY KANJER 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 90 East 11th Avenue, Vancouver Reidon Apartments sits on a nicely landscaped, large corner lot on a quiet street. Being just west of Main Street, the property is near trendy shops, restaurants and transportation. This three storey building has a wood frame, an exterior of stucco, wood siding and decorative brick, and a tar and gravel roof. There are 12 open surface parking stalls, 15 secure underground parking stalls, 36 storage lockers and a bike storage room for resident use. The oil tank has been removed and any contaminated soil was disposed of in 2004. The clean, bright entrance is nicely decorated with new slate tile floors and equipped with an intercom. The hallway carpets are in good shape, having been replaced in 2004. The basement contains the laundry room, with two coin operated washers and dryers that are building owned, two locker rooms with 36 lockers, and the boiler room with two Super Hot boilers. There is potential to add an elevator. The units are large and bright with ample closet space, insuite heat controls and smoke and heat detectors. They are comprised of 13 studio suites of approximately 575 square feet with separate sleeping areas, 21 one bedroom suites of approx. 650 square feet and 2 two bedroom suites of approx. 1,000 square feet. Most units have nice, refinished hardwood floors and some have city and mountain views. Many of the units have been renovated with new lights, electrical breakers and newer tiles in the bath tubs. The kitchens have lino floors, frost-free fridges, electric stoves with hood fans, and some of the kitchens have new counter tops and cabinets. The bathrooms have lino floors, fans and full height ceramic tile tub surrounds. All units have balconies, which were all redone in 2008 with new aluminum railings and vinyl decking. Environmental Report, Survey and building plans available. Building is held in a trustee company which can be bought to save Property Purchase Tax of approximately $125,000.
BILL GOOLD or ANTHONY KANJER 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 90 East 11th Avenue, Vancouver Legal Description
Lot 6, 7 & 8, Except the south 6 feet now lane, Block 38 District Lot 302 Plan 198 PID 004-926-412 / 004-927-192 004-926-188
Suite Mix - 36 Units Total
13 21 2
Studio 1 Bedroom 2 Bedroom
Chattels
36 Fridges, 36 Stoves, 2 Washers and 2 Dryers
Zoning
Multi Family Apartment Block
Lot Size
18,711 square feet
Age
43 Years
(Constructed 1968)
Property Taxes 2010
$
Assessments 2011
Land Improvements Total
Contracts
None.
Financial Encumbrances
Treat as clear title.
20,938
$ 2,875,000 $ 2,018,000 $ 4,893,000
BILL GOOLD or ANTHONY KANJER 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 90 East 11th Avenue, Vancouver Annual Revenue Rental Income (Rents x 12) Laundry (Estimated) Parking & Other Income Less Vacancy Rate (0.05%) Total Annual Gross Revenue Annual Expenses Gas & Hydro Insurance Licences, fees & dues Payroll Property Taxes Repairs & Maintenance Waste Collection Water & Sewer Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price/Per Unit
$ $
2011 390,648 7,300 6,177 -2,021 402,104 2010 25,195 7,678 3,165 27,000 19,542 28,800 2,710 5,440 119,530 282,574
$
4.29% 29.73% 6,580,000 $
$
$ $
$
Projected 419,580 7,300 6,177 -2,165 430,892
$ $
25,195 7,678 3,165 27,000 19,542 28,800 2,710 5,440 119,530 311,362
$
4.73% 27.74% 182,778
Actual 2010 rental income was $390,904.
BILL GOOLD or ANTHONY KANJER 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 – MARCH 2011 90 East 11th Avenue, Vancouver
Unit Number
Unit Type
Monthly Rent
Market Rent
101 102 103 104 105 106 107 108 109 110 111 112 201 202 203 204 205 206 207 208 209 210 211 212
Studio Studio Studio 1 Bedroom 1 Bedroom 1 Bedroom Studio 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom Studio Studio Studio Studio 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom Studio
795 775 750 880 945 850 815 925 797 895 1,000 719 699 780 780 995 975 1,015 865 1,000 995 1,300 995 719
850 850 850 1,015 1,015 1,015 850 1,015 1,015 1,015 1,015 850 850 850 850 1,015 1,015 1,015 1,015 1,015 1,015 1,300 1,015 850 Continued onto the next page...
BILL GOOLD or ANTHONY KANJER 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 – MARCH 2011 90 East 11th Avenue, Vancouver
Unit Number
Unit Type
Monthly Rent
Market Rent
301 302 303 304 305 306 307 308 309 310 311 312
Studio Studio Studio 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom Studio
719 699 780 995 975 970 950 875 822 1,300 995 714
850 850 850 1,015 1,015 1,015 1,015 1,015 1,015 1,300 1,015 850
$32,058
$34,965
TOTAL
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 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 90 East 11th Avenue, Vancouver
$6,580,000
BILL GOOLD or ANTHONY KANJER 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!
90 East 11th Avenue, Vancouver $6,580,000 36 Unit Apartment Building Suite Mix 13 - Studio 21 - 1 Bedroom 2 - 2 Bedroom BILL GOOLD or ANTHONY KANJER 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 90 East 11th Avenue, Vancouver Reidon Apartments sits on a nicely landscaped, large corner lot on a quiet street. Being just west of Main Street, the property is near trendy shops, restaurants and transportation. This three storey building has a wood frame, an exterior of stucco, wood siding and decorative brick, and a tar and gravel roof. There are 12 open surface parking stalls, 15 secure underground parking stalls, 36 storage lockers and a bike storage room for resident use. The oil tank has been removed and any contaminated soil was disposed of in 2004. The clean, bright entrance is nicely decorated with new slate tile floors and equipped with an intercom. The hallway carpets are in good shape, having been replaced in 2004. The basement contains the laundry room, with two coin operated washers and dryers that are building owned, two locker rooms with 36 lockers, and the boiler room with two Super Hot boilers. There is potential to add an elevator. The units are large and bright with ample closet space, insuite heat controls and smoke and heat detectors. They are comprised of 13 studio suites of approximately 575 square feet with separate sleeping areas, 21 one bedroom suites of approx. 650 square feet and 2 two bedroom suites of approx. 1,000 square feet. Most units have nice, refinished hardwood floors and some have city and mountain views. Many of the units have been renovated with new lights, electrical breakers and newer tiles in the bath tubs. The kitchens have lino floors, frost-free fridges, electric stoves with hood fans, and some of the kitchens have new counter tops and cabinets. The bathrooms have lino floors, fans and full height ceramic tile tub surrounds. All units have balconies, which were all redone in 2008 with new aluminum railings and vinyl decking. Environmental Report, Survey and building plans available. Building is held in a trustee company which can be bought to save Property Purchase Tax of approximately $125,000.
BILL GOOLD or ANTHONY KANJER 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 90 East 11th Avenue, Vancouver Legal Description
Lot 6, 7 & 8, Except the south 6 feet now lane, Block 38 District Lot 302 Plan 198 PID 004-926-412 / 004-927-192 004-926-188
Suite Mix - 36 Units Total
13 21 2
Studio 1 Bedroom 2 Bedroom
Chattels
36 Fridges, 36 Stoves, 2 Washers and 2 Dryers
Zoning
Multi Family Apartment Block
Lot Size
18,711 square feet
Age
43 Years
(Constructed 1968)
Property Taxes 2010
$
Assessments 2011
Land Improvements Total
Contracts
None.
Financial Encumbrances
Treat as clear title.
20,938
$ 2,875,000 $ 2,018,000 $ 4,893,000
BILL GOOLD or ANTHONY KANJER 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 90 East 11th Avenue, Vancouver Annual Revenue Rental Income (Rents x 12) Laundry (Estimated) Parking & Other Income Less Vacancy Rate (0.05%) Total Annual Gross Revenue Annual Expenses Gas & Hydro Insurance Licences, fees & dues Payroll Property Taxes Repairs & Maintenance Waste Collection Water & Sewer Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio Purchase Price/Per Unit
$ $
2011 390,648 7,300 6,177 -2,021 402,104 2010 25,195 7,678 3,165 27,000 19,542 28,800 2,710 5,440 119,530 282,574
$
4.29% 29.73% 6,580,000 $
$
$ $
$
Projected 419,580 7,300 6,177 -2,165 430,892
$ $
25,195 7,678 3,165 27,000 19,542 28,800 2,710 5,440 119,530 311,362
$
4.73% 27.74% 182,778
Actual 2010 rental income was $390,904.
BILL GOOLD or ANTHONY KANJER 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 – MARCH 2011 90 East 11th Avenue, Vancouver
Unit Number
Unit Type
Monthly Rent
Market Rent
101 102 103 104 105 106 107 108 109 110 111 112 201 202 203 204 205 206 207 208 209 210 211 212
Studio Studio Studio 1 Bedroom 1 Bedroom 1 Bedroom Studio 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom Studio Studio Studio Studio 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom Studio
795 775 750 880 945 850 815 925 797 895 1,000 719 699 780 780 995 975 1,015 865 1,000 995 1,300 995 719
850 850 850 1,015 1,015 1,015 850 1,015 1,015 1,015 1,015 850 850 850 850 1,015 1,015 1,015 1,015 1,015 1,015 1,300 1,015 850 Continued onto the next page...
BILL GOOLD or ANTHONY KANJER 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 – MARCH 2011 90 East 11th Avenue, Vancouver
Unit Number
Unit Type
Monthly Rent
Market Rent
301 302 303 304 305 306 307 308 309 310 311 312
Studio Studio Studio 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom Studio
719 699 780 995 975 970 950 875 822 1,300 995 714
850 850 850 1,015 1,015 1,015 1,015 1,015 1,015 1,300 1,015 850
$32,058
$34,965
TOTAL
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 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 90 East 11th Avenue, Vancouver
$6,580,000
BILL GOOLD or ANTHONY KANJER 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!
