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Home / Apartment buildings / Past sales / Southern Comfort Apartments – 1455 West 11th Avenue, Vancouver

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Southern Comfort Apartments

1455 West 11th Avenue, Vancouver

SOLD $1,575,000

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Price$1,595,000

Units6

Year builtOT

Lot size50' x 125'

ZoningRM-3

PID015-017-231

Legal descriptionLot 13, Block 371, DL 526, PL 991

Sale price$1,575,000

Sale date11/01/2005

Overview

Southern Comfort Apartments is a 6 unit character apartment building located in prime South Granville, a few doors east of Granville Street on the north side of 11th Avenue.

Improvements

The subject property consists of four 1-Br + den and two 1-Br. Features newer Weil Mclain gas furnace supported by Honeywell monitoring system, surface parking for six cars, dishwashers for 5 units, 4 fireplaces (1br + den suites), six full lockers and coin operated laundry room. No deferred maintenance. No vacancies ever. Rents under market. Potential development site for condos.

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	No. units
One Bedroom + Den	No. units4
One Bedroom	No. units2

Financials

Financing	Clear Title.
Assessment 2005	Land Building Total	Land$610,000 Building$419,000 Total$1,029,000
Taxes 2005	$6,039.25
Income and expenses	Effective gross Operating expenses Net operating income	Effective gross$81,682 Operating expenses(32,286) Net operating income$49,396
Notes	Income annualized as of October 1, 2005. For rent roll and 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.