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Regent Manor

1626 West 12th Avenue, Vancouver

Apartment Building
11 Suites

SOLD $1,595,000

Overview

Regent Manor is an 11 unit frame apartment building located in South Granville. Features balconies and surface grade parking. No deferred maintenance.

Location

The subject property is located in Vancouver’s trendy South Granville area. It is situated on West 12th Ave, between Fir St. and Pine St., one and 1/2 blocks east of Burrard St.

Summary

Price$1,650,000
Units11
Price/Unit$150,000
Cap Rate3.3%
GIM18.1
Lot Size50' x 125'
ZoningRM 3
PID014-176-815
Sale Price$1,595,000
Sale Date12/17/2005

Suite Mix

 No. Units
BachelorNo. Units1
One BedroomNo. Units8
Two BedroomNo. Units2

Financials

FinancingTreat as clear title.
Assessment 2005
Land
Building
Total
Land$587,000
Building$868,000
Total$1,455,000
Taxes 2005
$8,640.63
2004 Income & Expenses
Effective Gross
Operating Expenses
Net Operating Income
Effective Gross$91,019
Operating Expenses(36,901)
Net Operating Income$54,118

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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