309 Agnes St - NAI Apartments

For Sale
22 Unit
Apartment Building
in New Westminster, BC
309 Agnes St
New Westminster BC
Asking: $3,000,000
•
•
•
Well-maintained apartment building situated
in quiet neighbourhood. Only steps away from
Columbia Skytrain Station and
Douglas College
Close to Shoppers Drug Mart, restaurants,
shopping district
Easy access to public transportation
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE,
RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF
ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE
MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
Ag/309 Agnes St.indd/May 29, 2013/TH
For more information:
Terry Harding
+1 604 691 6615 [email protected]
Jackson Tang
+1 604 691 6680 [email protected]
Brandon Harding
+1 604 691 6630
[email protected]
NAI Commercial
535 Thurlow Street, Suite 100
Vancouver BC
+1 604 683 7535
naiapartments.ca
For Sale
22 Unit
Apartment Building
309 Agnes St, New Westminster, BC
Address
309 Agnes St, New Westminster, BC
Legal Description
PL NWP19861 LT 20BLK 31 LD 36
PID: 010-592-679
Location
This well maintained 3 stories building located in a quiet neighborhood well
located for all shopping necessities. Situated on 8,515 sqft of land, 22 units
with a combination of 21 one bedroom units and 1 Bachelor unit. Walking
distance to Shopper Drug Mart, Douglas College and Columbia Skytain station
Lot Size
65 ft x 131 ft = 8,515 square feet
Zoning
RM 3
Suite Mix
One Bedroom
Bachelor
Total
Property Taxes
$14,631
Improvements
• New hot water tank
• New lower level roof
21
1
22
(2013)
Financing
First mortgage with First National of $1.6 Million at 2.5% due 3 ½ years.
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION
CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL
OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO
THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
For Sale
22 Unit
Apartment Building
309 Agnes St, New Westminster, BC
Parking
7 parking stalls
Land
$ 652,000
Total
$2,498,000
Assessment (2013) Improvment $1,846,000
Financial Analysis
Price
Total Income
Expenses
Net Income
Current
$235,718
$ 82,745
$152,973
Cap Rate
5.1%
$3,000,000
Subject
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION
CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL
OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO
THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
Income & Expenses
309 Agnes St
New Westminster, BC
Current
Income
Rental
235,683.84
Laundry
4,752.00
Gross Income
240,432.00
Vacancy 2%
4,714.00
Total Income
235,718.00
Expenses
Management Fee 5%
11,784.00
Repair & Maintenance (Stabilized at $700/unit)
15,400.00
Licence
Property Tax (2013)
1,283.00
14,631.00
Garbage
1,500.00
Utilities
26,473.00
Insurance
11,674.00
Total Expenses
82,745.00
Net Income
152,973.00
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION
CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL
OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO
THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
RENT ROLL
309 Agnes St
New Westminster, BC
Suite #
Suite Mix
Rent
101
102
103
201
202
203
204
205
206
207
301
302
302
304
305
306
307
401
402
403
404
405
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
Bachelor
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
One Bedroom
$870.00
$834.40
$1,125.00
$869.00
$804.00
$850.00
$870.00
$899.00
$995.00
$890.00
$910.00
$895.00
$922.00
$690.00
$859.00
$850.00
$920.00
$1,100.00
$775.00
$995.00
$846.00
$871.92
$19,640.32
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION
CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL
OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO
THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.