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
Legal DescriptionLot 13, Blk 413, DL 526, Plan 1276
Suite Mix
| No. Units | |
|---|---|
| Bachelor | No. Units12 |
| Two Bedroom | No. Units1 |
| Two Bedroom + Den | No. Units1 |
Financials
| Financing | Clear 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 |
| Notes | For 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 Goodman Commercial.
