5170 Hastings St brochure
6
12-Suite Multi-Family Building 5170 Hastings St, Burnaby, BC For Sale $1,980,000 Jackson Tang 604 691 6680 [email protected] NAI Commercial 100 – 535 Thurlow St Vancouver, BC V6E 3L2 tel 604 683 7535 fax 604 691 6688 www.naiapartments.ca Contact information Terry Harding 604 691 6615 [email protected]
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Apartment Building on 5170 Hastings St, Burnaby, BC brochure
Transcript of 5170 Hastings St brochure
12-Suite Multi-Family Building
5170 Hastings St, Burnaby, BC
For Sale
$1,980,000
Jackson Tang604 691 [email protected]
NAI Commercial100 – 535 Thurlow StVancouver, BC V6E 3L2tel 604 683 7535 fax 604 691 6688www.naiapartments.ca
Contact informationTerry Harding604 691 [email protected]
FOR SALE
3846 Sunset StBurnaby, B.C.
The information contained herein has been given to us by the owner of the property or other sources we
deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should
be verified prior to purchase. Ag/5170HastingsSt/July18,2011/TH
Multi-Family Building5170 Hastings St
Burnaby, BC
LEGAL DESCRIPTION: Plan 1254, Lot 11, Block G, DL127, Group 1, except Plan 22210
PID: 003-624-340
LOCATION: The subject property is located in the City of Burnaby, between Delta
Avenue and Springer Avenue, on the south side of Hastings Street.
Shopping facilities and public transportation park are nearby.
LOT SIZE: 79.76’ x 162.93’ = 12,995 sq.ft.
AGE: Constructed in 1965 (42 years old)
ZONING: RM3 (Multi-Family)
TAX ASSESSMENT (2011): Land $1,169,000
Improvement $ 404,000
$1,573,000
SUITE MIX: Building A (front) Two Bedroom
Three Bedroom + Den
Total
4
1
---
5
Building B (rear) Bachelor
One Bedroom + Den
Total
2
5
---
7
FOR SALE
3846 Sunset StBurnaby, B.C.
The information contained herein has been given to us by the owner of the property or other sources we
deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should
be verified prior to purchase.
Multi-Family Building5170 Hastings St
Burnaby, BC
IMPROVEMENT: The subject property consists of two 3-storey
wood-frame, walk-up apartment buildings. 10 suites
have been renovated throughout the last 4 years.
Upgrades in the buildings include:
• New kitchen cabinet
• New bathroom including new sink and bath tub.
• New floor tile in kitchen and bathroom
• Refinishing all the hardwood floor
• New fridges and stoves
• Suites interior have been repainted
• Hallway and exterior of the building have been
repainted
• New hot water tank
• Some windows have been updated with double
glazed.
• Both roofs have been replaced in 2010
The suites are fairly generous in size and offer
hardwood flooring and views. The roof is tar and
gravel and the buildings are heated with hot water
baseboard radiant throughout, provided by a super
hot boiler. The buildings’ exterior are stucco and
repainted. A coin-operated laundry consists of 1
washer and dryer. Overall the buildings are in
excellent condition.
PARKING: 8
4
----
12
open stalls
covered
Total
INCOME ANALYSIS:
Gross Income:
Expenses:
-----------------
Net Income
$134,414
$ 38,273
--------------
$ 96,141
FOR SALE
3846 Sunset StBurnaby, B.C.
The information contained herein has been given to us by the owner of the property or other sources we
deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should
be verified prior to purchase.
Multi-Family Building5170 Hastings St
Burnaby, BC
INVESTMENT ANALYSIS:
Price Per Suite $165,000
Cap Rate 4.9%
Gross Rent Multiplier 14.7
FINANCING: Treat as clear title
ASKING PRICE:
$1,980,000
Subject
FOR SALE
3846 Sunset StBurnaby, B.C.
The information contained herein has been given to us by the owner of the property or other sources we
deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should
be verified prior to purchase.
RENT ROLL
5170 Hastings St
Burnaby, BC
Suite # Suite Type Rent
1 Two Bedroom $ 975.00
2 Two Bedroom $ 975.00
3 Two Bedroom $ 975.00
4 Two Bedroom $ 975.00
5 Three Bedroom + Den $ 1,300.00
6 Bachelor $ 770.00
7 One Bedroom + Den $ 925.00
8 Bachelor $ 575.00
9 One Bedroom + Den $ 975.00
10 One Bedroom + Den $ 894.00
11 One Bedroom + Den $ 925.00
12 One Bedroom + Den $ 925.00
TOTAL $ 11,189.00
FOR SALE
3846 Sunset StBurnaby, B.C.
STABILIZED INCOME & EXPENSE
5170 Hastings St
Burnaby, BC
Jackson Tang604 691 [email protected]
NAI Commercial100 – 535 Thurlow StVancouver, BC V6E 3L2tel 604 683 7535 fax 604 691 6688www.naiapartments.ca
Contact informationTerry Harding604 691 [email protected]
Current
Revenue
Rental Income (Annualized) $ 134,268
Laundry $ 2,160
Less 1.5% vacancy $ (2,014)
Gross Revenue $ 134,414
Expenses
Insurance $ 3,673
Business License $ 360
Laundry Rental $ 840
Sanitation $ 1,260
Hydro & Gas $ 14,000
Water & Sewer (City Utilities) $ 6,224
Property Tax (2011) $ 7,116
Repair & Maintenance $ 4,800
Total Expense $ 38,273
Net Operating Income $ 96,141
The information contained herein has been given to us by the owner of the property or other sources we
deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information
should be verified prior to purchase. Ag/5170HastingsSt/July18,2011/TH
