$2,000,000
$2,700,000
25.9%For more information regarding the value of a property, please contact us for a free consultation.
450 Maquinna Cres Gold River, BC V0P 1G0
3.87 Acres Lot
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 957213
Sold Date 06/21/24
Rental Info Unrestricted
Year Built 1967
Annual Tax Amount $5,333
Tax Year 2023
Lot Size 3.870 Acres
Acres 3.87
Property Description
Garden Apartments (51 townhomes and 13 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (13 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 25 three-bedroom townhouses. All units are individually metered for heat, hot water and hydro. Purchase with a 6 percent plus cap rate on your investment with 39 of the sixty-four units rented. After updating and renting the remaining 25 units, your cap rate could double to over 13 percent! Achievable monthly rents are:$700 for 1-bedroom suites, $800 for 2-bedroom townhomes and $900 for 3-bedroom townhomes.
Call your agents for an NDA to receive financials.
Location
State BC
County Gold River, Village Of
Area Ni Gold River
Interior
Heating Baseboard, Electric
Flooring Carpet, Laminate
Exterior
Exterior Feature Balcony/Deck, Balcony/Patio
Parking On Site 1
Utilities Available Cable To Lot, Electricity To Lot, Garbage, Phone To Lot
View Y/N 1
View Mountain(s)
Building
Lot Description Corner
Foundation Block, Slab
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood
Others
Tax ID 003-412-679
Ownership Freehold
Acceptable Financing Clear Title
Listing Terms Clear Title
Read Less
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Bought with Unrepresented Buyer Pseudo-Office