Garden Apartments (52 townhomes and 12 apartments) in Gold River is an exceptional value-add real estate opportunity. For sale are 64 residential units: an apartment building (12 one-bedroom suites, office, laundry room and storage lockers) and 52 townhomes: 26 two-bedroom townhouses and 26 three-bedroom townhouses. All units are individually metered for heat, hot water and hydro. Purchase with a 6 percent plus cap rate on your investment with only 40 of the sixty-four units rented. After updating and renting the remaining 24 units, your cap rate could double to over 13 percent! Achievable monthly rents are:$700 for 1-bedroom suites, $800 for 2-bedroom townhomes and $900 for 3-bedroom townhomes. Call listing agents for an NDA to receive financials. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Features
Corner Site
Listing Contract Date
2024-03-22
Municipal ID
003-412-679
Ownership Type
Freehold
Plan
VIP19924
Property Type
Multi-family
Transaction Type
For sale
Views
Mountain view
Zoning
Unknown
Building
Constructed Date
1967
Fire Protection
Fire alarm system
Heating Fuel
Electric
Heating Type
Baseboard heaters
Size (Exterior)
1 square feet
Type
Multi-Family
Land
Total Size
3.87 acres
Acreage
Yes
Size of Irregular Land
3.87
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