The Monterey

603 & 633 West 8th Avenue, Vancouver

SOLD $23,400,000

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Price$23,400,000

Units134

Lot size300' X 110' approx.

Cap rate6.24%

Legal descriptionStrata Lots 1-134, DL 526, DL 36, Plan LMS4665

Sale price$23,400,000

Sale date09/15/2003

Overview

The Monterey represents a rare opportunity to acquire a brand new multifamily rental complex – 134 strata titled units of concrete and frame construction.

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	No. units
Bachelor	No. units31
One Bedroom + Den	No. units20
One Bedroom	No. units71
Two Bedroom	No. units9
Two Bedroom + Den	No. units3

Financials

Income and expenses	Net operating income	Net Operating Income$1,400,000

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