Overview
Julie Apartments is an 11 suite three storey walk-up apartment building located in the Mount Pleasant area of East Vancouver. The property is well maintained and conveniently located close to transit and China Creek North Park.
Location
Located on the south side of East 6th and between Prince Albert and St. Catherine Streets, Julie Apartments is situated in the thriving cultural and artistic neighbourhood of Mount Pleasant.
This community has transformed into a hub for the creative sector in the city with the advent of the old Finning International site (19 acres), now converted into four academic institutions (UBC, SFU, BCIT & Emily Carr University). The subject property is also in very close proximity to VCC/Clark SkyTrain Station and the Centre of Digital Media.
Improvements
- Three storey wood-frame rental building comprised of 11 suites
- Majority of suites have been nicely updated with remodelled kitchens, bathrooms, flooring and newer appliances
- Balconies have been beautifully restored
- Suites facing northeast have views
- Parking: 8 stalls around back that are not being charged to the tenants
- Tar and gravel roof
- Gas-fired furnace and two hot water tanks
- One washer & one dryer (leased or owned?)
- Storage lockers?
Suite mix
No. units | Average rent | |
---|---|---|
Bachelor | No. units4 | Average rent$772 |
One Bedroom | No. units7 | Average rent$980 |
Financials
Financing | Treat as clear title. | |
---|---|---|
Assessment 2013 | Land Building Total | Land$1,613,000 Building$208,000 Total$1,821,000 |
Taxes 2013 | $6,764.51 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$120,703 Vacancy(3,072) Effective gross$117,631 Operating expenses(43,633) Net operating income$73,998 |
Notes | For an income & expense statement, please 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.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3