Ron Lapadat

Personal Real Estate Corporation

Office: 250.847.0335 |

My Listings

3691 16 Highway
Smithers - Town Smithers V0J 2N0

$485,000
Multi-Family Commercial

Main Photo: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 1: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 2: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 3: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 4: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 5: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 6: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 7: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 8: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 9: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 10: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 11: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 12: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 13: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 14: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 15: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 16: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 17: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Photo 18: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8039334
Build. Type:
Freestanding
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.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Freestanding
# Units:
12
Year built:
1962 (Age: 59)
Total Floor Area:
3,300 sq. ft.
Land Use/Zoning:
C-4
Taxes:
$3,226.72 / 2021
HVAC:
Radiant
Cap Rate %:
7.8
Other Income:
$1,420
Effective Gross Income:
$57,400
Gross Income:
$55,980
Oper. Expenses:
$19,631
Net Operating Income:
$37,169
Original Price:
$485,000
  • Photo 1: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
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  • Photo 2: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
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  • Photo 16: 3691 16 Highway in Smithers: Smithers - Town Multi-Family Commercial for sale (Smithers And Area (Zone 54))  : MLS®# C8039334
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Listed by RE/MAX BULKLEY VALLEY
Data was last updated July 24, 2021 at 11:10 PM (UTC)
RON LAPADAT