40
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$2,699,900
Est. payment /mo
12,500 SqFt
Active
769 4TH AVENUE Hope, BC V0X 1L0
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UPDATED:
07/17/2024 07:11 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,500 sqft
Price per Sqft $215
Subdivision Hope
MLS Listing ID C8061421
Annual Tax Amount $11,499
Tax Year 2023
Property 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.
Location
Province BC
Community Hope
Area Hope & Area
Building/Complex Name Park Royal
Zoning British Columbia Default Zone
Region Chilliwack
City Region Chilliwack
Exterior
Roof Type Tar & Gravel
Building
Dwelling Type Multi-Family Commercial
Story 3
Water Municipal
Structure Type Wood Frame
Listed by Keller Williams Ocean Realty
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