15 Suite Apartment

15 Suite apartment building, three 2 bedroom and twelve 1 bedroom. Gross $95,400 net $59,000. Located walking distance to downtown. $1.5 MILLION.

1400 Camosun Street

Cavalier Apartments ~ 15 suites ~ 3 floors

Exterior Dimensions 74 x 55

Main floor 3 two bedroom suites

Second floor 6 one bedroom suites

Third floor 6 one bedroom suites

All tenants have separate meters

Heating oil hot water heat, each suite with own thermostat

New roof 2004

Year built (permit approved) 1965

SUITE:

101 $800 2BR CURRENTLY CARETAKER SUITE

102 $655 2BR

103 $750 2BR

201 $550 1BR

202 $650 1BR

203 $600 1BR

204 $630 1BR

205 $600 1BR

206 $550 1BR

301 $625 1BR

302 $600 1BR

303 $630 1BR

304 $550 1BR

305 $625 1BR

306 $505 1BR

Rental Income (2003 year) $95,400

Expenses

•  Advertising $53

•  Insurance $2,130

•  Maintenance and repair $3,037

•  Management (Henry) $6,000

•  Accounting $597

•  Property Tax $9,432

•  Utilities $11,733

•  Disposal $1,465

•  Bank Charges $177

•  Other Expenses $1,643

Total Expenses $36,267

Features

•  Controlled Entrance ~ Intercom Service

•  Fire Alarm in Hallways

•  Ventilation controlled by automatic Roof fan

•  2 x coin-op Washers, 2 x coin-op Dryers

•  Hardwood floors

•  8 undercover carports, 7 open parking spots

•  1 bicycle shed

•  All tenants have separate meters

•  New Roof in 2004

•  8 blocks to city center

Legal

•  Lot A

•  Spring Ridge Plan 17779

•  Land size 114 x 120 (13,680 sq.ft)

Location

Located on a quiet cul-de-sac in the Downtown Victoria area! Excellent access for renters; Buses, shopping, parks, and schools

 

Rob Garry Pemberton Holmes
#150-805 Cloverdale
Victoria, BC V8X 2S9
Phone: 250 384-8124
Fax: 250-380-6355
email: rob.garry@pembertonholmes.com