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Southern Comfort Apartments

1455 West 11th Avenue, Vancouver

Apartment Building
6 suites

SOLD $1,575,000

Overview

Southern Comfort Apartments is a 6 unit character apartment building located in prime South Granville, a few doors east of Granville Street on the north side of 11th Avenue.

Improvements

The subject property consists of four 1-Br + den and two 1-Br. Features newer Weil Mclain gas furnace supported by Honeywell monitoring system, surface parking for six cars, dishwashers for 5 units, 4 fireplaces (1br + den suites), six full lockers and coin operated laundry room. No deferred maintenance. No vacancies ever. Rents under market. Potential development site for condos.

Summary

Price$1,595,000
Units6
Year BuiltOT
Lot Size50' x 125'
ZoningRM-3
PID015-017-231
Sale Price$1,575,000
Sale Date11/01/2005

Suite Mix

 No. Units
One Bedroom + DenNo. Units4
One BedroomNo. Units2

Financials

FinancingClear Title.
Assessment 2005
Land
Building
Total
Land$610,000
Building$419,000
Total$1,029,000
Taxes 2005
$6,039.25
Income and Expenses
Effective Gross
Operating Expenses
Net Operating Income
Effective Gross$81,682
Operating Expenses(32,286)
Net Operating Income$49,396
NotesIncome annualized as of October 1, 2005.

For rent roll and 2004 income & expense statement, click here.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.

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