$3,249,000

759 4th Avenue, Hope, BC V0X 1L4

MLS® C8076279

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.

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Mixed Use

Year built

1,955

Ownership

Freehold

Levels

2

Systems

Heating

Baseboard, Forced Air

Cooling

Forced Air

Lot and parking

Lot size

6,969.6 sq ft

Road surface

Paved

Parking

Guest

Costs

Annual property tax

$12,171

Tax year

2,025

Location

Area

Hope & Area

Neighbourhood

Hope

Waterfront

No