759 4th Avenue, Hope & Area, British Columbia V0X 1L4

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 3.46% 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 $167,000/year. Very low expenses and vacancy rate. Lots of parking in front of the building. Please contact the listing agent for further details. (id:27476)

Don't miss out on this rare opportunity! We are excited to introduce Villa Apartments, a mixed-use property situated at 759 4th Ave in the bustling Downtown Hope. This two-story building stands alone and consists of a total of 15 units. There are 2 commercial units on the ground level, along with 13 residential units. The residential units include 1 bachelor unit, 6 one-bedroom units, 3 one-bedroom units with a den, and 3 two-bedroom units. Additionally, there is a coin-operated laundry room on the premises.

The lot size of the property is 40x170, totaling 6,800 square feet, and it currently offers a 3.46% cap rate. Its prime location across from Memorial Park, Hope cinema, Highway #1, banks, shopping centers, and City Hall makes it incredibly convenient for residents. The building has been well-maintained over the years, and a dependable property manager oversees rentals and maintenance. The property generates an annual rental income of approximately $167,000, with very low expenses and vacancy rates. Ample parking is available in front of the building.

This property is a fantastic investment opportunity, and further details can be obtained by contacting the listing agent. It is currently for sale and offers a land size of 0.16 acres. Situated in the city of Hope & Area, in the province of British Columbia, the property's postal code is V0X1L4.