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:47423)
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Detailed Information
Total Area
9,150 ft2
Listing Contract Date
2023-10-25
Property Type
Multi-family
Transaction Type
For sale
Building
Amenities
Storefront
Constructed Date
1955
Parking Spaces
Name
Spaces
Visitor Parking
Land
Total Size
0.16 acres
Size of Irregular Land
0.16
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