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$ 3,249,000
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Active
759 4th AVE Hope, BC V0X 1L4
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8076279
Year Built 1955
Lot Size 6,969 Sqft
Property Sub-Type Multi Family
Property Description
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 3.94% 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 $159,000/year. Very low expenses and vacancy rate. Lots of parking in front of the building. Please contact the listing agent for further details.
Location
Province BC
Community Hope
Area Hope & Area
Zoning CBD
Interior
Heating Baseboard, Forced Air
Cooling Forced Air
Exterior
Utilities Available Electricity Connected, Garbage Collection, Natural Gas Connected
Roof Type Torch On
Street Surface Paved
Building
Story 2
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold
