Samwood Apartments
1325 W. 70th Avenue, Vancouver, BC
$3,325,000
Overview
Samwood Apartments is a 36 unit frame apartment building in excellent condition centrally located in Marpole, between Oak and Granville on West 70th Avenue.
Improvements
The subject property is well maintained with attractive landscaping. It features balconies/patios for each suite, 1/2 lockers for all tenants, secure underground parking (33 stalls) and an elevator.
Recent Upgrades
– Piping replaced
– 2 new hot water tanks
– New intercom
– Ongoing countertop and flooring renewal
– Approximately 12 new stoves & fridges
– Newer hot water boiler, vent fan replaced
– Sewer line replaced
Rent Roll & Statements
Please note that there are rent increases scheduled for October & Novermber of this year. Income is annualized as of November 2004, and expenses are reported from 2003. New statement year ending May 30, 2004 available shortly. Please contact us for rent roll and statement.
Suite mix
| No. units | |
|---|---|
| Bachelor | No. units5 |
| 1 Bedroom | No. units31 |
Financials
| Financing | Clear Title | |
|---|---|---|
| Assessment 2004 | Land Building Total | Land$1,825,000 Building$734,000 Total$2,559,000 |
| Taxes 2004 | $16,359.04 | |
| Income and expenses | Gross income Less Vacancy 1.5% Effective gross Estimated Expenses Net operating income | Gross income$301,500 Vacancy($4,523) Effective gross$296,977 Operating expenses($88,245) Net operating income$198,480 |
| Notes | Income annualized as of Nov. 1/04 | |
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
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