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370 Richmond Ave in VICTORIA: Vi Fairfield East Multi Family for sale (Victoria) : MLS®# 805522

370 Richmond Ave VICTORIA V8S 3Y1 : Vi Fairfield East

Main Photo: 370 Richmond Ave in VICTORIA: Vi Fairfield East Multi Family for sale (Victoria)  : MLS®# 805522banner
$1,995,000
Prop. Type:
Commercial Sale
MLS® Num:
805522
Status:
Sold
Sold Date:
Jun 18, 2019
Year Built:
1947
Immaculate Purpose built 6 suite Apartment block in sought after Fairfield. The 6 x 1 Bedroom art deco era character suites have all had recent updates including new flooring, updated bathrooms (most suites), paint, fixtures, etc. New 400 amp electrical upgrade, recently insulated walls, newer windows and exterior doors & common area heat pump. New coin-op laundry and 3 detached garages that generate an additional $550 p/m. All suites currently rented well below what the market bears but still generates a gross income of 90,192 including Coin-op Laundry and Garages (Net of $77,050). Plenty of latent value awaits. Located close to shopping, public transit and local beaches. VERY RARE opportunity in this coveted location. Building/Drain Inspection available! *Vendor Financing an Option for qualified buyers* PRICE IS FIRM
Price:
$1,995,000
Property Type:
Commercial Sale
MLS® Num:
805522
Status:
Sold
Listed by Newport Realty Ltd., sold on June, 2019
Data was last updated September 20, 2020 at 02:05 AM (UTC)
Naomi Larkins

Naomi Larkins

CONTACT ME NOW!

c. 250-686-6462

eXp Realty

Victoria,BC

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