Beach Park is a 24 suite frame apartment building located in Kitsilano directly across Kits Beach on Cornwall Avenue. Unparalleled views and location. Rarely is such a prime investment available in the marketplace.
Built in approximately 1973, the subject property features balconies/patios for each suite, secure underground parking for 31 cars, lockers, in-suite storage, elevator and bike storage area. The attractive stucco and brick exterior, well maintained gardens, and unique location make this a special offering.
– Most stoves & fridges replaced last 13 years
– 50% countertops replaced
– Hall carpets like new
– Piping renewal in 1998
– New domestic H/W tank
– Suite carpets replaced as needed (40% renewed approx)
– 8 year old Super Hot furnace
|One Bedroom||No. units22|
|Income and expenses|
2003 Expenses stabilized
Net operating income
|Notes|| Income annualized as of August 2004. Includes parking $11,109 and laundry $2,966. For rent roll, click here. |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.