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$ 3,249,000
Est. payment | /mo
6,969 Sqft Lot
$ 3,249,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8076279
Year Built 1955
Lot Size 6,969 Sqft
Property Sub-Type Multi Family
Property Description
RARE OPPORTUNITY! Pleased to present Villa Apartments, a mixed use asset located at 759 4th Ave in the heart of Downtown Hope. The subject property is a free standing 2-storey building with a total of 15 units. It is comprised of 2 ground level commercial units and 13 residential units (1 bachelor, 6 x 1 bedroom, 3 x 1 bedroom + Den, 3 x 2 bedrooms) and one coined laundry room. Lot size 40x170 (6,800 sq.ft) and 3.94% cap rate. Conveniently located just across from Memorial Park, Hope cinema, Highway #1, banks, shopping, and City Hall. Well maintained building throughout the years with a reliable property manager taking care of rental and maintenance, with rental income of approximately $159,000/year. Very low expenses and vacancy rate. Lots of parking in front of the building. Please contact the listing agent for further details.
Location
Province BC
Community Hope
Area Hope & Area
Zoning CBD
Interior
Heating Baseboard, Forced Air
Cooling Forced Air
Exterior
Utilities Available Electricity Connected, Garbage Collection, Natural Gas Connected
Roof Type Torch On
Street Surface Paved
Building
Story 2
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold
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