13570 Hilton Road, Surrey

13570 Hilton Road, Surrey

$2,075,000 - Sold by NAI Commercial

Property Attachments

    Sale Price: $2,075,000

    Multifamily Property For Sale

    Neighborhood Description
    Surrey is seeing the largest population increases in British Columbia and as a result is rapidly evolving, partly due to the recent infrastructure improvements. These improvements continue to fuel development as people are able to cut commute times while still finding affordability. 13570 Hilton Road is conveniently located close to many amenities and frequent public transit, while residing on a quiet street in a peaceful neighborhood. Located within 500 meters of the Expo Skytrain station and surrounded by many bus stops, there’s various options for tenants commuting. Restaurants, shopping and other amenities all reside close by making everything accessible by walking. The central proximity of the location equates to a low level of involvement from a management perspective as tenants are eager to rent and remain close to commuting and living necessities.

    Building Description

    The subject property is a meticulously maintained strata-titled three-storey wood-frame apartment building. It was built originally by the current owner. The suites are generous in size and offer wall-to-wall carpet. All suites have a spacious patio or balcony. The building provides the tenants with storage lockers and a shared laundry room with one washer and one dryer. The building is heated with a radiant hot water system and supplied by a super hot boiler

    • New torch-on roof
    • Domestic hot/cold water system repiped 10 years ago
    • Large 14,800 square foot lot
    • Original owner
    • 500 meters to SkyTrain station
    Property Details
    Number of Units 10
    Price Per Door $190,000
    Capitalization Rate 3.7%
    Net Operating Income $76,127
    Year Built 1971
    Lot Size 14,860 square feet
    Parking 18 stalls
    Suite Mix
    One Bedroom 9
    Two Bedroom 4
    Total 13

    Property Assessment (2014)
    Land                 $1,192,500
    Improvement $207,800
    Total                 $1,400,300

    Property on Map

    Property Attachments

      No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.

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