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Hampton Court

1650 Barclay Street, Vancouver, BC

$4,975,000

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Price$4,975,000

Units29

Year built1956

Lot size66' x 131'

ZoningRM-5A

Price/unit$171,551

Cap rate4.2%

GIM16.7

PID004-422-040

Legal descriptionLot 4 Block 58 DL 185 PL 92

Overview

Hampton Court is a quiet, clean and well maintained frame, 29 unit apartment building located in Vancouver’s popular West End. Built in 1956, the property features nice landscaping, a penthouse suite with patio, covered parking, in-suite storage, and an ongoing program of upgrades.

Location

Hampton Court is extraordinarily well located in Vancouver’s West End District. It is situated on the west side of Barclay Street between Bidwell and Cardero Street. While in a quiet area, Hampton Court is one and a half blocks from Denman Street and only a few minutes walk to the City’s downtown core, transportation, shopping, Stanley Park and English Bay. View MAP LINK above.

Improvements

– Three storey walk-up frame building
– 11 surface parking at rear of building (9 covered)
– Suites/appliances upgraded on turnover
– Security system with cameras
– 2 washers/2 dryers leased
– Older furnace with Techmar system
– In-suite storage
– 4 ply BUR roof system approx. 20 yrs old
– Copper plumbing

Rent Roll & Statements

For rent roll & statement, download PDF file above. Stage 1 Environmental report available.

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	No. units
Bachelor	No. units8
1 Bedroom	No. units20
2 Bedroom + Den	No. units1

Financials

Financing	Clear title.
Assessment 2006	Land Building Total	Land$1,530,000 Building$1,753,000 Total$3,283,000
Taxes 2006	$17,065.22
Income and expenses	Gross income Less Vacancy 0.5% Effective gross Operating expenses Net operating income	Gross income$297,760 Vacancy-1,496 Effective gross$297,760 Operating expenses$90,187 Net operating income$207,573
Notes	Annualized as of March 2007

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