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A 2121 Tracey Street
Brandon R7A 7K7

$1,900,000
Industrial / Commercial / Investment built: 2015

Main Photo: A 2121 Tracey Street in Brandon: Industrial / Commercial / Investment for sale (C15)  : MLS®# 1822329
Status:
Active
Prop. Type:
Industrial / Commercial / Investment
MLS® Num:
1822329
Build. Type:
Condo
8-plex building in Arbutus Place featuring 4 three bedroom units which are 1,226 sq. ft. each and 4 one bedroom units which are 603 sq. ft. each. Modern interior design, stainless steel appliances, along with upgraded exterior finishes like prairie stone and James Hardy siding. One of Brandon's most desirable family oriented neighbourhoods, with close proximity to all amenities. Entire building is professionally managed, providing turnkey investment option. The 8-plex is located in a complex approximately 2.27 acres with frontage along Tracey Street. The building has been individually condo surveyed and has separate titles. Units are individually metered for hydro which is paid by the tenants. The suites are heated by electric baseboard heat and feature electrical hot water tanks. Hydro costs for the parking lot lights is paid by the building owner. Each building is serviced with a 100 amp power service and is metered separately for water which is included in the monthly rent.
C15 / -
For Sale:
Yes
For Lease:
No
Property Type:
Industrial / Commercial / Investment
Property Sub Type:
Multi-Family for Sale
Building type:
Condo
Year Built:
2015 (Age: 3)
Age Description:
New
Frontage:
65'
Heating:
Hot Water
Parking:
Front Drive Access
Storeys:
3.0
Contract Amended:
No
Security:
1
Construction:
Concrete, Mixed
Cleared, Highway Access, Shopping Centre
Fully Air Conditioned, Security / Alarm, Appliances Included, Fire Alarm, Laundry Facility, Natural Light, Separately Metered Gas, Separately Metered Hydro, Storage, 1 or More Washrooms, Window Coverings
Electricity
Real Estate Taxes:
17827.0
Gross Income:
116400.0
Gross Op Income:
114072.0
Net Income:
84395.0
Fin Statement Avail:
Yes
Fin Statement Date:
Feb 28, 2016
Repairs expenses:
3000.0
Sundry expenses:
3600.0
Insurance expenses:
3000.0
Electric & water expenses:
2250.0
Total Expenses:
29677.0
Legal Plan:
58154
Legal Lot:
1
Title to Land:
Freehold
Building Plans:
1
Business Type:
Other Service
Building name:
Arbutus Place
Business Price Includes:
Assets Undepreciated, Equipment
Number of Buildings:
1
Pro Forma:
Yes
Power Type:
120/208 V, Single Phase
Sprinkler system:
1
Vacancy percent:
2
Vacancy loss:
2328.0
Number of suites:
8
Number of Units:
8
Cost per suite:
237500.0
1-Bedroom Units:
4
3-Bedroom Units:
4
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Listed by Jared Jacobson of Re/max Valleyview
Listing information last updated on August 31, 2018 at 08:38 PM (UTC)