Sold

32846 14th Avenue

Mission

Apartment Building
30 Suites

SOLD $1,795,000

Overview

The subject property is a 30-suite wood frame apartment building located in Mission, BC. Features 30 underground secured parking, elevator, balconies, new roof, cable TV and electric heat.

Location

The subject property is located on the S.E. corner of Cedar Street and 14th Avenue in the City of Mission. Close proximity to Downtown Mission, parks and university.

Improvements

– Three level wood frame construction with elevator service
– 30 secure underground parking
– 15 outside parking
– 2 washers/2 dryers leased
– Tenants pay electric baseboard heat
– Hot water tanks in each suite
– Cable TV included in rent
– Landscaped with various trees and shrubbery
– New 60 Weight Roof with 40 year life & 25 year warranty
– Roof in final stages of completion
– Building requires attention to some balconies, hallway carpets, interior/exterior painting and suite upgrades

Summary

Price$1,795,000
Units30
Price/Unit$59,833
Year Built1977
Lot Size465.17' x 171.5' (1.81 acres)
ZoningCD (Comprehensive Development)
PID005-070-279
Sale Price$1,795,000
Sale Date01/01/2007

Suite Mix

 No. UnitsSq. Ft. Range
One BedroomNo. Units7Sq. Ft. Range600 - 650
Two BedroomNo. Units23Sq. Ft. Range936 - 996

Financials

FinancingTreat as clear title.
Assessment 2007
Land
Building
Total
Land$390,000
Building$1,428,000
Total$1,818,000
Taxes 2006
$26,440.57

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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