8645 Fremlin St - Apartments FOR SALE


Vancouver, BC V6P 3X4
$3,950,000 CAD
604-662-2690
8645 Fremlin St, Vancouver, BC for Sale
$3,950,000 CAD
Apartments - FOR SALE
1/7
null | 4.66% Cap Rate

8645 Fremlin St
Vancouver, BC V6P 3X4


HIGHLIGHTS

  • Turnkey, positive leverage investment, generating a high yield coupled with low operating costs and ease of self management.
  • Prime location on a quiet tree-lined street with immediate access to Oak Street and Highway 99, and 7 minute drive to Vancouver International Airport

OVERVIEW

Marpole apartment building with modern renovations to the units boasting competitive market rents yielding a strong going-in cap rate. Almost all units have been tastefully renovated with laminate or refurbished hardwood flooring, new cabinets and countertops, updates vanities in the washroom and modern light fixtures throughout. Capital expenditures include updated breaker panels in all suites, roof replacement in 2018, new hot water tank in 2012, underground oil tank removal and soil remediation in 2021.

FOR SALE DETAILS

PRICE

$3,950,000 CAD

PRICE/SF

$411 CAD /SF

# OF UNITS

10

PRICE/UNIT

$395,000

CAP RATE

4.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,500 SF

ZONING

RM-3A

APN/PARCEL ID

011-374-381

ASK ABOUT THIS PROPERTY

Sunil SuvarnaMarcus & MillichapMore Info
604-662-2690

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Sunil SuvarnaMarcus & MillichapMore Info
604-662-2690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.