Marpole multifamily for sale:

Overview

8656 Montcalm St., Vancouver, BC

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SOLD
  • Property Value$1,850,000
  • Property Address8656 Montcalm St., Vancouver, BC, Canada
  • Typemultifamily
  • Style11 units
  • Parking5+ cars
  • Lot Frontage50 ft
  • Lot Depth120 ft
  • Lot Size Area6,200 sq.ft.

Marpole

8656 Montcalm St., Vancouver, BC, Canada

Description


ASKING PRICE $1.85M
11 UNITS – 7-1 BEDROOM, 3-2 BEDROOM, 1 BACHELOR (UNAUTHORIZED)
ASSESSED VALUE: LAND $851,000
IMPROVEMENT $455,000
TOTAL $1,306,000
LOT SIZE 50 X 140


SUTTON WESTCOAST REALTY
301-1508 WEST BROADWAY
VANCOUVER, B.C.
CARLO DONETTI
DIR LINE: 604-640-0088
FAX: 604-733-1936
WWW.CARLODONETTI.COM
Carlo.d@shaw.ca
This 3 storey, walk up, frame building is on a quiet street walking distance to Granville St., shopping and transportation. It was built in 1958 and has 5 open parkings at rear. It is stucco on the outside and in good general condition with 7 of the 11 suites having been updated in the last few years (refinishing hardwood floors, tub enclosures and repaint). The oil tank ahs been removed about 5 years ago.
There is still some potential for upside to rents.




(1) Annual Gross Rent + Laundry = $112,000

(2) Annual Expenses:

a. Garbage $820
b. Insurance $3,450
c. Property Taxes $5,775.45
d. Gardening $1,100
e. Gas $15,000
f. Electricity $1,000
g. Cleaning $2,500
h. Advertising $0
i. Water & Sewer $1,600
j. Repairs & Maintenance (general) $2,000
k. Caretaking $1,745

Total $35,000

NOI - $77,000

CAP rate on asking price 4.16%

***please note these are approximate values and vary from year to year

Listing Provided By

Sutton Westocast Realty

 Real Estate Listing provided by
  • Carlo Donetti
  • Phone: 604-568-1005
  • Mobile: 604-763-1063
  • Office Phone: 604-568-1005
  • Sutton Group Del Mar Realty
    and Property Management
  • 218-1080 Mainland St.
  • Vancouver, BC
  • V6B 2T4