Faircrest Court

3115 Quebec Street, Vancouver, BC

$2,600,000

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Price$2,600,000

Units16

Lot size66' x 122'

ZoningMultifamily

Price/unit$162,500

Cap rate4.7%

GIM15.3

PID014-322-226; 014-322-200

Legal descriptionLot 11 & 12, Block 54, Plan 561, District Lot 302, New Westminster Land District

Overview

Faircrest Court is a 16 unit frame apartment building located in East Vancouver on Quebec St. and East 15th Ave. (between Main St. and Cambie St). The subject property features parking, hardwood floors, a penthouse suite and upgrades to the piping. NEW LISTING. OFFERS WELCOME

Recent Upgrades

All new main lines and some riser 2004 H/W Furnace 1999 Older roof 25+ H/W Floors Overall, the building is in good shape. Many of the suites have been renovated.

Rent Roll & Statements

For rent roll and statement, please donwnload PDF file above.

Show less

	No. units
Bachelor	No. units2
1 Bedroom	No. units12
3 Bedroom	No. units1
Penthouse	No. units1

Financials

Financing	Treat as clear title.
Assessment 2006	Land Building Total	Land$902,000 Building$481,000 Total$1,383,000
Taxes 2005	$7,545.90
Income and expenses	Effective gross Operating expenses Net operating income	Effective gross$169,500 Operating expenses$48,529 Net operating income$120,971

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.