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Multifamily

1340 Fir Street

1340 Fir Street, White Rock, BC V4B 4B2

Listing Price: $3,100,000

Cap Rate
2.26%
Number of Units
10
Price/Unit
$310,000
Price/Gross SF
$414.94
Gross SF
7,471

Investment Overview

McEvay Blair Multifamily Group | Marcus & Millichap is pleased to present the opportunity to purchase 1340 Fir Street, a 10 unit apartment building in the seaside community of White Rock. Comprised of one bachelor and nine one bedroom units, 1340 Fir Street is a well maintained and easy to manage building located in one of Metro Vancouver’s most affluent communities. Centrally located in White Rock, the property is a 10 minute walk to many local destinations such as the beach and the famous landmark pier, Peace Arch Hospital, and Semiahmoo Shopping Centre.

Investment Highlights

  • The 10 unit building features 1 bachelor suite and 9 one bedroom units that include balconies, storage lockers, coin operated laundry, and hot water heat provided by a high efficiency IBC boiler.
  • Existing rental rates are 24% below the CMHC average for White Rock, and 34% below market rates, presenting a value add opportunity to raise income upon tenant turnover.
  • Opportunity to purchase a well maintained and easy to manage 10 unit apartment building located in one of Metro Vancouver's most affluent communities.

Exclusively Listed By

Multifamily

1340 Fir Street

Listing Price: $3,100,000

Cap Rate
2.26%
Number of Units
10
Price/Unit
$310,000
Price/Gross SF
$414.94
Gross SF
7,471

Investment Highlights

  • The 10 unit building features 1 bachelor suite and 9 one bedroom units that include balconies, storage lockers, coin operated laundry, and hot water heat provided by a high efficiency IBC boiler.
  • Existing rental rates are 24% below the CMHC average for White Rock, and 34% below market rates, presenting a value add opportunity to raise income upon tenant turnover.
  • Opportunity to purchase a well maintained and easy to manage 10 unit apartment building located in one of Metro Vancouver's most affluent communities.

Investment Overview

McEvay Blair Multifamily Group | Marcus & Millichap is pleased to present the opportunity to purchase 1340 Fir Street, a 10 unit apartment building in the seaside community of White Rock. Comprised of one bachelor and nine one bedroom units, 1340 Fir Street is a well maintained and easy to manage building located in one of Metro Vancouver’s most affluent communities. Centrally located in White Rock, the property is a 10 minute walk to many local destinations such as the beach and the famous landmark pier, Peace Arch Hospital, and Semiahmoo Shopping Centre.

Exclusively Listed By

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