A 34-unit apartment building in Delta has sold for $6.9 million, reports Marcus & Millichap. The sale price is equal to just shy of $203,000 per suite, and about $300,000 below the building's assessed value.
Breakdown:
Property type: Multi-family rental building
Number of units: 34
Location: 4711 57 Street, Delta, B.C.
Lot size: 1.19 acres
BC Assessment value: $7.23 million
List price: $$7.39 million
Sale price: $6.9 million’
Date of sale: November 18, 2019
Brokerage: Marcus & Millichap
Broker: Mike Guinan-Browne
