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450 Maquinna Cres Gold River, British Columbia V0P 1G0

Baseboard Heaters Acreage

$2,700,000

Garden Apartments (52 townhomes and 12 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (12 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 26 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 only 40 of the sixty-four units rented. After updating and renting the remaining 24 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 listing agents for an NDA to receive financials. (id:57458)

Property Details

MLS® Number 957213
Property Type Multi-family
Neigbourhood Gold River
Features Corner Site
Plan Vip19924
View Type Mountain View

Building

Constructed Date 1967
Fire Protection Fire Alarm System
Heating Fuel Electric
Heating Type Baseboard Heaters
Size Exterior 1 Sqft
Type Multi-family

Land

Acreage Yes
Size Irregular 3.87
Size Total 3.87 Ac
Size Total Text 3.87 Ac
Zoning Type Unknown

https://www.realtor.ca/real-estate/26665239/450-maquinna-cres-gold-river-gold-river

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