|
 SEE
MAP
 Rent Roll & Statement
Summary
-Rent includes heat, hot water & storage lockers
-Five covered parking spots around back
-Total net area is approx. 10,000 sq. ft.
-Oak hardwood floors
Recent Upgrades
-Newer boiler & hotwater tank (4 years old)
-Intercom replaced
-Approx. 70% of appliances replaced
-New hall carpets (1998)
-Most tubs retiled
-Main drain waterline replaced 10'-12' section (2000)
-1/3 of riser pipes replaced
Rent Roll & Statements
See pdf attachments above for financial details.
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The Queensland is a 11 suite walk-up apartment building in good condition on a quite cul-de-sac street in a prime Kerrisdale location. It is just one block North of the shopping corrider on West 41st and Vine Street.
| Civic
Address: |
2295 West 40th Avenue, Vancouver |
| Legal
Description: |
Lot C & D of 1, Block 5 of 17, DL 526, Dist 36, Plan 4496
|
| PID: |
004-368-959 |
| Lot
Size: |
67' x 118'
|
| Zoning: |
RM-3
|
|
Assessment
(2004):
|
Land: |
|
$1,062,000.00 |
Building:
|
$637,000.00
|
Total: |
|
$1,699,000.00 |
|
| Taxes
2003: |
$9,957.96
|
| Age: |
1954
|
Income
and Expense:
Annualized as of Jan. 1/04 |
|
Gross Income
|
$154,080
|
|
Less Vacancy 1.5%
|
($2,311)
|
|
Effective Gross
|
$151,768
|
|
Actual Expenses 2003
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$40,589
|
|
NOI
|
$111,179
|
|
| Suites: |
11 Units |
| Financing: |
1st mortgage of $1.3M @ 4.93% with State Street Trust. P.I. payments of $7509. Due June 30th, 2008. |
| GRM: |
14.1 |
| CAP: |
5.1% |
| $/Unit: |
$197,727.00 |
| Asking
Price: |
$2,175,000.00 |
| Selling Price: |
$2,088,000.00 |
| Sale Date: |
April 1, 2004 |
| Suite
Mix |
|
1-Bach P/H
3-1 Br
6-2Br
1-3Br
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|
11 Total Suites
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