HIP-O Building 406 Union St. Cool 3 Storey 15 Unit Historic lncome Bldg Trendy Strathcona, near Chinatown, mins to D/T, 1 blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt completely reno'd 2016-2019 contains 3 Grd Flr S/C Suites; 2nd & 3rd Flrs each contain 6 furnished single rooms w sink vanity, murphy bed, & each Flrs have a modern kitchen, 2 baths & common area. 1500 SF Bsmt largely unused w Coin laund, bike storage, lockers for rent. 2 of 12 single rooms COV SRA rental restricted, but rest incl 3 S/C Suites are unrestricted market rentals. 1910 Bldg lots of character very upgraded, sprinklered redone plumbing, elec, flrs, kitchs, roof, baths. Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5%. Prof managed well maintained good Tenants. Great hands off investment, or great non-profit housing OTE! Seller consider VTB 2nd mortgage good terms to Qualified Buyer, call LS Details. Showing Preferred Fri Afternoon 2 Day Notice. Call LS viewing, info pkg. (id:4069)
Address
406 UNION STREET
List Price
$2,599,000
Property Type
Multi-family
Area
British Columbia
Sub-Area
Vancouver
Floor Area
6,100 Sq. Ft.
Lot Size
1525 Sq. Ft.
Year Built
1910
MLS® Number
C8061080
Listing Brokerage
RE/MAX Real Estate Services
Postal Code
V6A2B6
Zoning
RT-3
