Tony Merola
Sutton Centre Realty
- Cell: 604-765-2610
- Office: 604-435-9477
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759 4TH Avenue: Hope Multi-Family Commercial for sale in "Villa Apartments" (Hope & Area) : MLS®# C8055277
759 4TH Avenue Hope V0X 1L4 : Hope
- $3,999,900
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8055277
- Status:
- Active
- Build. Type:
- Low Rise (2-4 stories)
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.
- Sale Type:
- Asset
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories), Residential Mix
- # Units:
- 15
- # of Appartments:
- 15
- # of Studio Appartments:
- 0
- # of Penthouse Appartments:
- 0
- # of Bachelor Appartments:
- 1
- # of 4+ Bedroom Appartments:
- 0
- # of 1 Bedroom Appartments:
- 6
- # of 2 Bedroom Appartments:
- 3
- # of 3 Bedroom Appartments:
- 0
- # Storeys:
- 2.0
- Year built:
- 1955 (Age: 69)
- Total Floor Area:
9,150 sq. ft.- Lot Area:
- 6,800 sq. ft.
- Lot Depth:
- 170
- Lot Frontage:
- 40'
- Land Use/Zoning:
- CBD
- Permitted Use:
- Multifamily (5+)
- Taxes:
- $10,605.81 / 2023
- Laundry Facility, Paved Yard, Storefront, Visitor Parking, Washrooms Female/Male
- Services Connected:
- Electricity, Garbage Collection, Lane Paved, Natural Gas
- Water Supply:
- Municipal
- HVAC:
- Baseboard, Forced Air
- Sewer Septic:
- Municipal/Community
- Env Assmt Phase:
- No
Listed by Sutton Centre Realty
Data was last updated May 4, 2024 at 07:10 AM (UTC)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2024 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.