Sold

The Henlyn

1225 West 13th Avenue, Vancouver

Apartment Building
14 Suites

SOLD $2,150,000

Overview

The Henlyn is a wood frame, 14 unit, walk up apartment building in good condition located in Vancouver’s desirable South Granville neighbourhood.

Improvements

-Surface parking for 5 cars
-Roof and piping are in satisfactory condition
-Approx. 50% of appliances replaced last 10 years
-Building heated by “Super Hot” w/ RUUD water tank
-14 lockers
-Washer/dryer owned by building

Summary

Price$2,150,000
Units14
Price/Unit$153,571
Cap Rate4.1%
GIM16.9
Year Built1961
Lot Size50' x 125'
ZoningRM-3
PID014-678-390
Sale Price$2,150,000
Sale Date01/01/2007

Suite Mix

 No. Units
BachelorNo. Units12
Two BedroomNo. Units1
Two Bedroom + DenNo. Units1

Financials

FinancingClear title.
Taxes 2006
$7,799.61
Income and Expenses
Effective Gross
Operating Expenses
Net Operating Income
Effective Gross$127,230
Operating Expenses(40,086)
Net Operating Income$87,144
NotesFor rent roll and 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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