RARE OPPORTUNITY! Pleased to present Villa Apartments, a mixed use asset located at 759 4th Ave in the heart of Downtown Hope. The subject property is a free standing 2-storey building with a total of 15 units. It is comprised of 2 ground level commercial units and 13 residential units (1 bachelor, 6 x 1 bedroom, 3 x 1 bedroom + Den, 3 x 2 bedrooms) and one coined laundry room. Lot size 40x170 (6,800 sq.ft) and 3.46% cap rate. Conveniently located just across from Memorial Park, Hope cinema, Highway #1, banks, shopping, and City Hall. Well maintained building throughout the years with a reliable property manager taking care of rental and maintenance, with rental income of approximately $167,000/year. Very low expenses and vacancy rate. Lots of parking in front of the building. Please contact the listing agent for further details. (id:44393)
| MLS® Number | C8055277 |
| Property Type | Multi-family |
| Amenities | Storefront |
| Constructed Date | 1955 |
| Size Interior | 9150 Sqft |
| Visitor Parking |
| Acreage | No |
| Size Irregular | 0.16 |
| Size Total | 0.16 Ac |
| Size Total Text | 0.16 Ac |
https://www.realtor.ca/real-estate/26213365/759-4th-avenue-hope-area
Contact us for more information
Barry Liang
(604) 435-9477
(604) 435-9412
www.suttoncentrerealty.com/
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