Multi-family for sale
759 4th Avenue, Hope
$3,999,900
$3,999,900
Multi-family for sale
759 4th Avenue, Hope
Features
Year Built
1955
Floor Area
9,150 sqft
Lot Size
6,800 sqft
Gross Property Tax
$10,605.81 /year
Building Type
Low Rise (2-4 storeys), Residential Mix
Building / Complex Name
Villa Apartments
Zoning
CBD
Subject Property Width
40 ft
Subject Property Depth
170 ft
Amenities
Laundry Facility, Paved Yard, Storefront, Visitor Parking, Washrooms Female/Male
Suite Mix Information
1 x Bachelor/Studio, 6 x 1 ½, 3 x 2 ½, 5 x Other
Total no. of Units
15
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 3.46% 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 $167,000/year. Very low expenses and vacancy rate. Lots of parking in front of the building. Please contact the listing agent for further details.
MLS® Number C8055277