777 West 70th Avenue

Vancouver, BC

$1,750,000

Print options

Would you like to print the gallery images?

Yes No

Price$1,750,000

Units12

Year built1958

Lot size66' x 122.9' (8,111.4 sq. ft.)

ZoningRM-3A

Price/unit$145,833

Cap rate3.5%

GIM16.1

PID013-369-318; 013-369-300

Legal descriptionLot 4/5 of Lot 22 Block D District Lots 319,323 & 324 Plan

Overview

Constructed in 1958, Jewell Manor is a 12-suite three storey wood-framed apartment building located in Vancouver’s Marpole District. The subject features 8 one bedroom and 4 two bedroom suites and sits on a 66′ x 122.9′ lot. The property includes 6 parking stalls in the rear. The property needs TLC and can be treated as clear title. PRICE REDUCTION, NOW ASKING $1,750,000

Location

Located on the north side of W. 70th in Marpole between Heather and Marine Drive. Conveniently situated near shopping, retail amenities and near bus line on Oak and 70th Ave. Only minutes to Marine Drive Station Canada Line.

Rent Roll & Statements

For a current rent roll and expense statement, please download the attached PDF file above.

Show less

	No. units
1 Bedroom	No. units8
2 Bedroom	No. units4

Financials

Financing	Treat as clear title.
Assessment 2010	Land Building Total	Land$964,000 Building$589,000 Total$1,553,000
Taxes 2009	$5,836.28
Income and expenses	Gross income Less Vacancy (1.5%) Effective gross Operating expenses Net operating income	Gross income$108,564 Vacancy-1,628 Effective gross$106,936 Operating expenses-46,260 Net operating income$60,676
Notes	Annualized as of March 2010

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