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201 Units - 4 Titles

$10,950,000
Commercial

Main Photo: 201 Units - 4 Titles: Multi-Family Commercial for sale (Mackenzie, BC)
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Prop. Type:
Commercial
MLS® Num:
EXCLUSIVE
Status:
Active

At a 9% Cap Rate, this is no doubt one of the BEST APARTMENT DEALS in BC. A rare opportunity to purchase a well maintained apartment portfolio consisting of 4 separate properties that contain a total of 201 units. The Gross income has averaged approximately $148,000 per month, after vacancies, for more than 3 years. Most of the units have been tastefully furnished with quality leather couches and chairs, top quality beds and modern flat screen televisions to provide convenient and comfortable accommodation. Nearly all the roofs have been replaced in the last 4 years, windows have been replaced in two of the buildings. About 80% of the suites have been upgraded in recent years and are in very good condition. There is a large newly constructed shop for equipment storage. Included tools, equipment and an impressive inventory of spare parts are valued at more than $200,000.

Visit BCApartmentBuildings.com for full information package.

Suite Mix:
Bachelor 34. 1 Bedroom 83. 1 Bedroom + Den 8. 2 Bedroom 75. 3 Bedroom 1. TOTAL = 201
Property Type:
Multi-Family Commercial
Original Price:
$10,950,000
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Listing information last updated on 8-Sep-2017 6:00 PM