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Hope,BC V0X 1L4
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,150 sqft
Price per Sqft $437
Subdivision Hope
MLS Listing ID C8055277
Year Built 1955
Annual Tax Amount $10,605
Tax Year 2023
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 3.46% 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.
Location
Province BC
Community Hope
Area Hope & Area
Building/Complex Name Villa Apartments
Zoning British Columbia Default Zone
Exterior
Roof Type Torch On
Building
Dwelling Type Multi-Family Commercial
Story 2
Water Municipal
Structure Type Wood Frame