For Sale · Multifamily

11272 11274 S 88 AVENUE, Delta

11272 11274 S 88 AVENUE, Delta, BC V4C3B7

$1.9M total

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

98%

Year Built

1968

Lot Size

10370 ac

About this property

Rare Full Duplex Investment Opportunity in Delta. Turnkey income property on an expansive lot with future upside(holding/rezoning potential - buyer to verify with City). This side by side duplex offers a mirrored layout across 11272 & 11274, with 4 self-contained suites in total: Upper (Both sides): Two Bright 3-bedroom suites Lower (Both sides): Two functional 2-bedroom suites Each suite rents independently for strong, stable cash flow. Well maintained: 2019 Roof, Hot Water tank 11274(Dec 2024) Furnace 11274 (Nov 2023). Ideal for investors seeking immediate income plus land upside, multi-generational families wanting separate living spaces, or developers holding for redevelopment. Central location near schools, transit, shopping & highway. Call now. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.85M
Down payment30% · $555K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$95K

Annual cash flow

$-8K

Cash-on-cash

-1.43%

DSCR

0.92

Going-in cap

5.11%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

61,594

Households

25,207

Median income

$105,000

Median age

33

Daytime population

94,231

5-yr growth

8.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 11272 11274 S 88 AVENUE, Delta.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.