8620 Heather St., Vancouver

   SEE MAP  
   Rent Roll & 2004 Statement

Improvements
-parking for 26 cars (12 underground)
-32 lockers, plus 3 in-suite
-balconies/patios for all suites
-roof replaced (1997)
-new hallway carpets (2002)
-new hotwater tank (Dec 1999)
-8 fridges, 5 stoves replaced (last 3 yrs.)
-hardwood floors covered with carpet for all suites
-2 washer, 2 dryers leased


Rent Roll & Statements
For February 2005 Rent Roll & 2004 Statement, please download PDF file above.



Built in 1965, Crown Court Apartments is a 35 suite frame apartment building centrally located in Marpole on the S.E. corner of Heather St. and West 70th Ave. Only minutes to Vancouver International Airport, and well situated for RAV transit line. Needs TLC.

Civic Address: 8620 Heather St., Vancouver
Legal Description: Lot 4 to 6, Subsidy Lot 23, BLK D, LD 36, DL 319, 324 & 323
PID: 010-788-573, 010-788-581
Lot Size: 162.47' x 120'
Zoning: RM-3A
Assessment (2005):
Land:
   $1,922,000.00
Building:
 $925,000.00
Total:
   $2,847,000.00
Taxes 2004: $16,326.63
Age: 1965
Income and Expense:

2004 (12 months)
Effective Gross
$268,795
Expenses 2004 (44%)
$117,053
NOI
$151,742
Suites: 35 Units
Financing: First mortgage of $859,199 @ 4.59% with Sun Life. Due June 15, 2005.
GRM: 11.1
CAP: 5.1%
$/Unit: $85,028.00

Asking Price: $2,976,000.00
Selling Price: $2,800,000.00
Sale Date: June 1, 2005

Suite Mix
5 studios
22-1Br
1-1Br & den
6-2Br
1-2Br penthouse
35 Total Suites






David Goodman 604.714.4778
Mark Goodman 604.714.4790

Macdonald Commercial Real Estate Services
301 - 1770 West 7th Avenue Vancouver BC V6J 4Y6
Phone: 604.736.5611 Fax: 604.736.7976
www.goodmanreport.com

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.