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7693 118 St - 4 single houses - Zoned duplex redevelopment 1.04 Acres of Residential Land Offered at $4,311,894 USD in Delta, BC V4C 6G9
EXECUTIVE SUMMARY
Builder alert! Or Investor can hold the properties while waiting for the redevelopment.
Rare opportunity to have 1 acre lot for redevelopment - 4 single houses of each lots min. 10,956 s.f. of totally 45,230 s.f. Good rental income for all 4 properties. Zoning RD3 duplex and residential detached
Annual rental income : $177,600. Potential rent increase to $196,000.
Total expense : $20,000.00.
NOI : $157,600
Cap. rate : 2.7%
Rare opportunity to have 1 acre lot for redevelopment - 4 single houses of each lots min. 10,956 s.f. of totally 45,230 s.f. Good rental income for all 4 properties. Zoning RD3 duplex and residential detached
Annual rental income : $177,600. Potential rent increase to $196,000.
Total expense : $20,000.00.
NOI : $157,600
Cap. rate : 2.7%
PROPERTY FACTS
1 LOT AVAILABLE
Lot 3,4,5 & 6
| Price | $4,311,894 USD | Lot Size | 1.04 AC |
| Price Per AC | $4,146,051.59 USD |
| Price | $4,311,894 USD |
| Price Per AC | $4,146,051.59 USD |
| Lot Size | 1.04 AC |
Total lot sizes : 45,230 sq.ft. (1.03 acres) - 7693 118 St., N.Delta - 12,362 sq.ft. - 7707 118 St., N Delta - 10,956 sq.ft. - 7713 118 St., N Delta - 10,956 sq.ft. - 7725 118 St., N Delta - 10956 sq.ft.
DESCRIPTION
Properties located close to King George Skytrain and 120 Street. Few block to hospital, skytrain station, secondary school and all amenities.
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Presented by
Metro Edge Realty Inc
7693 118 St - 4 single houses - Zoned duplex redevelopment
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