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Main Photo: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 1: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 2: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 3: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 4: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 5: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 6: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 7: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 8: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 9: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 10: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 11: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 12: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 13: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 14: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 15: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 16: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 17: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 18: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 19: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 20: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 21: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 22: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 23: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 24: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 25: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 26: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 27: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
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Photo 29: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 30: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 31: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 32: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 33: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 34: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 35: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 36: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 37: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 38: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 39: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Photo 40: 769 4TH Avenue: Hope Multi-Family Commercial for sale in "Park Royal" (Hope & Area)  : MLS®# C8061421
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8061421
Build. Type:
Low Rise (2-4 stories)
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.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
Name of Complex/Subdivision:
# Units:
17
# Other Units:
# of Apartments:
17
# of 1 Bedroom Apartments:
8
# of 2 Bedroom Apartments:
9
# Storeys:
3.0
Total Floor Area:
12,500 sq. ft.
Lot Area:
15,196 sq. ft.
Land Use/Zoning:
CBD
Permitted Use:
Multifamily (5+)
Taxes:
$11,499.38 / 2023
Balconies, Laundry Facility
Services Connected:
Cable, Electricity, Garbage Collection, Natural Gas, Sanitary Sewer, Sewer - Storm
Water Supply:
Municipal
HVAC:
Baseboard, Hot Water
Roof:
Sewer Septic:
Municipal/Community
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by Keller Williams Ocean Realty and RE/MAX Westcoast
Data was last updated December 23, 2024 at 03:10 PM (UTC)
ALEX REN
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