Multi-family for sale
769 4th Avenue, Hope
$2,699,900
$2,699,900
Multi-family for sale
769 4th Avenue, Hope
Features
Floor Area
12,500 sqft
Lot Size
15,196 sqft
Gross Property Tax
$11,499.38 /year
Building Type
Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Building / Complex Name
Park Royal
Zoning
CBD
# of Parking Spaces
11
Amenities
Balconies, Laundry Facility
Suite Mix Information
8 x 1 ½, 9 x 2 ½, 17 x Other
Total no. of Units
17
Financial Summary
$171,107
Description
Multi-Family Building available in Prime Downtown Hope Location. This complex has been meticulously maintained over the years and has a stable tenant profile. No problems ever getting vacancies filled here. The building features 3 levels with 17 units in total. 8 one bedroom units and 9 two bedroom units, give you healthy mixture of tenants. Great opportunity for a new owner to improve the building over time on tenant turn over and increase rents to market rent. The building is projected to Net $106K this year giving you a very stable 3.95% Cap Rate for the building. For more information please contact the Listing Agent.
MLS® Number C8061421