- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8070687
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (8)
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This centrally located six-unit apartment is 100% occupied, has nice cash flow and is close to absolutely everything. Rents are below market so there is excellent opportunity to fix up units and increase rents as tenants turn over. Current stabilized Annual Property Operating Data (APOD) income of $5,278.53/month with expenses of approximately $2,290 including management meaning that even with the below market rents this property has strong positive cash flow. Property has professional management in place.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Concrete, Frame Wood
- Num Storeys:
- 2
- Building Type:
- Low Rise (2-4 storeys)
- # Bldgs:
- 1
- # Units Total:
- 6
- # of Apartments:
- 6
- # of 1 Bedroom Apartments:
- 6
- Year built:
- 1977 (Age: 48)
- Living Area:
- 5,700 sq. ft.
- Subject Property Depth:
- 102'
- Subject Property Width:
- 90'
- Lot Area:
- 9,147.6 sq. ft.
- Zoning:
- RM4
- Potential to Redevelop:
- Yes
- Road Surface:
- Paved
- Heating:
- Baseboard, Electric
- Cooling:
- Electric
- Electricity:
- No
- Services Connected:
- Fully Serviced, Garbage Collection, Sidewalk
- Sewer:
- Public Sewer
- Parcel Number:
- 011790016
- Taxes:
- $6,839.34 / 2025
- Balconies, Laundry Facility
- No
- None Known
- No
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Torch On
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- No
- Cap Rate %:
- 5.44
- Gross Income:
- 6334200.0
- Oper. Expenses:
- 2748100.0
- Effective Gross Income:
- $6,334,200
- Net Operating Income:
- $3,586,100
- Original Price:
- $659,000
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Rear view of house with a balcony and stucco siding -
Kitchen featuring under cabinet range hood, white appliances, light countertops, brown cabinets, and light colored carpet
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Bedroom featuring access to outside, a textured ceiling, and ceiling fan
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Bedroom featuring a textured ceiling, wood finished floors, and a ceiling fan
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Kitchen with white appliances, under cabinet range hood, light countertops, brown cabinetry, and a textured ceiling
-
Living room with wood finished floors and a textured ceiling
-
Laundry area featuring washer / dryer, water heater, and electric water heater
-
Utility room with electric meter
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Listed by Maxsave Real Estate Services
Data was last updated July 12, 2025 at 09:40 PM (UTC)
- INDER KALSI
- CENTURY 21 COASTAL REALTY LTD.
- +1 (778) 531-3000
- Contact by Email
Inder Kalsi PREC
Century 21 Coastal Realty Ltd.
Your Trusted Partner in Real Estate.
Contact me at 778-531-3000 for all your property needs.
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