Port Alberni Multifamily for sale: Studio (Listed 2009-10-19)

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• Property Value$2,950,000
• Property Address3850 W 11th Ave, Port Alberni, BC, Canada
• TypeMultifamily
• StyleApartment Block
• Parkingnone
• Year Built1999

• BedroomsStudio

Address

3850 W 11th Ave, Port Alberni, BC, Canada

Description

Located in the core of Port Alberni, "Oakridge Estates" is close to shopping centres,swimming pool,library and minutes to hospital. This three storey apartment consists of wood construction with vinyl exterior and has a large Thyssen hydraulic elevator. There are 27 units in total: 6 - 1.5 Bedroom and 21 - 2 Bedroom, 14 covered and 11 open parking stalls and 27 storage lockers.
The owner is the original builder who constructed if for long term ownership and the majority of tenants are senior citizens.
The nicely tiled lobby has lots of natural light and ceramic tiled floors.
The wide, bright hallways are tastefully decorated and have BC power smart lighting.
All suites have intercom system, balconies with aluminum railings, two smoke alarms with sprinkler system, and electricheat with in-suite controls. The units also come with full size frost free fridges and stoves,dishwashers and washers and dryers.
The kitchens have newer white cabinets,range fans,lino tiled flooring and double sinks. Bathrooms are spacioius with fibreglass tub surrounds,lino tiled flooring,fans and large vanities. Bedrooms are very large and have double closets.
Excellent opportunity to own a well maintained building on the Island. Cap rate is 6.32%

Listing Provided By

William & Vesna