Overview
Built in 1965, Crown Court Apartments is a 35 suite frame apartment building centrally located in Marpole on the S.E. corner of Heather St. and West 70th Ave. Only minutes to Vancouver International Airport, and well situated for RAV transit line. Needs TLC.
Improvements
– parking for 26 cars (12 underground)
– 32 lockers, 3 in-suite balconies/patios for all suites
– roof replaced (1997)
– new hallway carpets (2002)
– new hotwater tank (Dec 1999)
– 8 fridges, 5 stoves replaced (last 3 yrs.)
– hardwood floors covered
Suite mix
| No. units | |
|---|---|
| Bachelor | No. units5 |
| One Bedroom | No. units22 |
| One Bedroom + Den | No. units1 |
| Two Bedroom | No. units6 |
| Two Bedroom P/H | No. units1 |
Financials
| Financing | First mortgage of $859,199 @ 4.59% with Sun Life. Due June 15, 2005. | |
|---|---|---|
| Assessment 2005 | Land Building Total | Land$1,922,000 Building$925,000 Total$2,847,000 |
| Taxes 2004 | $16,326.63 | |
| Income and expenses | Effective gross Expenses 2004 (44%) Net operating income | Effective gross$268,795 Operating expenses(117,053) Net operating income$151,742 |
| Notes | For February 2005 rent roll & 2004 income & expense statement, 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.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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