Nadina Manor & Crest Manor
2035 Sullivan Way & 2221 Butler Ave, Houston
Sold for $2,457,000
$2,457,000
Sale Price
54
Apartment Units
1970 / 1980
Year Built
11.55%
Cap Rate
DESCRIPTION
SOLD Nadina and Crest Manor in Houston, British Columbia
Nadina Manor contains 36 units including 1 bachelor, 16 one-bedroom and 19 two-bedroom suites. All units on the upper floors have been renovated in the past three years. Final six units on ground floor are currently under renovation. Renovations will be completed prior to your purchase closing.
Crest Manor contains 18 units including 10 one bedroom and 8 two bedroom suites. Units have been upgraded with attractive laminate flooring, paint and new window coverings. The building has new windows (2017), exterior paint (2017), balcony membranes (2017) and a brand new roof (2020).
All suites feature convenience in-suite storage and parking with electric plug-ins. Laundry is shared and provided free. Each unit has individual electric hot water tank. Electricity is individually metered and paid for by tenants.
Inquire today to find a similar high-income multifamily property.
SPECIFICATIONS
Property Type · Apartment Building
Price Per Unit · $46,293
Lot Size · 1.93 Acres (84,071 Sq Ft)
Building Size · 47,573 Sq Ft
Zoning · R4
Year Built · 1970 & 1980
Renovated · 2017-2020
Suite Mix · 1 x Bach, 23 x 1-Bedroom, 30 x 2-Bedroom
Parking · 55+ Surface Spaces with Plug-Ins
HIGHLIGHTS
Fully Renovated Interiors with Quality Materials
Separate Hot Water Tanks, Tenants Pay Utilities
100% Occupied, No Vacancy
LOCATION
Civic Addresses
2035 Sullivan Way Houston BC V0J 1Z1
2221 Butler Ave Houston BC V0J 1Z2
Legal Descriptions
LOT 8 DISTRICT LOT 333 RANGE 5 COAST DISTRICT PLAN 9697
PARCEL B (SEE DF 20041) BLOCK 41 DISTRICT LOT 622 RANGE 5 COAST DISTRICT PLAN 1005
PIDs
005-863-503, 005-972-175
FACTS ABOUT HOUSTON, BRITISH COLUMBIA
Population of 3,051 in 2020
28% of the population rent their primary residence
55.3% of dwellings were built between 1961 and 1980
Average household income of $106,854 in 2020
Median household income of $97,424 in 2020
Average household shelter spending of $1,180/month
One-bedroom apartments rent for $700 and up
Two-bedroom apartments rent for $850 and up