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80 100 BAXTER Avenue
Kitimat (Zone 89) Kitimat V8C 2N9

$10,950,000
Multi-Family Commercial

Main Photo: 80 100 BAXTER Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8036819
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8036819
Build. Type:
Low Rise (2-4 stories)
The Sandalwood Apartments are located in a quiet residential neighbourhood that backs onto a forested area at the edge of town. There are three buildings, each on a separate title. All are three story walkup configuration and are in very good condition. All roofs are in good conditions. Heating is by electric baseboard and each suite has a separate electric hot water tank. There are 2 bachelor suites, 39 one bedroom suites and 43 two-bedroom suites for a total of 84 units.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
84
Year built:
1980 (Age: 41)
Land Use/Zoning:
R3-A
Taxes:
$9,340.71 / 2020
HVAC:
Electric, Separate Water Heaters
Env Assmt Phase:
None
Cap Rate %:
7.0
Effective Gross Income:
$1,122,000
Gross Income:
$1,122,000
Oper. Expenses:
$366,000
Net Operating Income:
$756,000
Original Price:
$10,950,000
  • Photo 1: 80 100 BAXTER Avenue: Kitimat Multi-Family Commercial for sale (Kitimat (Zone 89))  : MLS®# C8036819
    Photo 1 of 1
Listed by MACDONALD COMMERCIAL R.E.SERV.
Data was last updated April 18, 2021 at 01:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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