Arcola Apartments

6788 Arcola Street, Burnaby

SOLD $1,300,000

Print options

Would you like to print the gallery images?

Yes No

Price$1,350,000

Units11

Lot size9120 sq. ft.

ZoningRM-3

Price/unit$122,727

Cap rate4.5%

GIM15

PID010-062-068

Legal descriptionLot C, DL 96, LD 37, PL 15016

Sale price$1,300,000

Sale date01/01/2007

Overview

Arcola Apartments is an 11 unit frame apartment building located in the Middlegate neighborhood of Burnaby.

Location

The subject property is located in Burnaby on the south side of Arcola Street, one block north of Kingsway in the heart of the Middlegate Town Centre. Close to Highgate Shopping Centre.

Show less

	No. units
Bachelor	No. units1
One Bedroom	No. units8
Two Bedroom	No. units2

Financials

Financing	Clear title.
Assessment 2006	Land Building Total	Land$547,000 Building$598,000 Total$1,145,000
Taxes 2006	$9,394.48
Income and expenses	Effective gross Operating expenses Net operating income	Effective gross$87,495 Operating expenses(26,080) Net operating income$61,415
Notes	Caretaker/management expense excluded as building is owner-operated.

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