Ron Lapadat

Office: 250.847.0335 |

Mark this property at 3691 16 HWY in Smithers SOLD!

I have sold a property at 3691 16 HWY in Smithers.
Well maintained, 12-unit apartment building with super-convenient location in downtown Smithers. Ten small bachelor units approximately 11 x 12, five units per floor sharing a bathroom and separate shower on each floor. Two somewhat larger 1-bedroom units with their own bathrooms. Suites include bar fridges and 2-burner hot plates. Coin laundry. 3300 square feet in total with concrete foundation, vinyl siding and mostly vinyl windows. Updated flooring throughout, vinyl plank. 30 year shingles installed in 2013 newer fire alarm system. Natural gas fired radiant hot water boiler supplies heat. Fully occupied with no vacancies in past years. Gross income $57,400, expenses approximately $19,631 - net approximately $37, 169, 7 .8% CAP rate.