406 UNION STREET,Vancouver,V6A2B6,

HIP-O Building Cool 3 Storey 15 Unit Historic lncome Bldg Trendy Strathcona, near Chinatown, mins 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 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. Showing Fri May 30 @ 4:00pm gone by 5:00pm by Appt. (id:62103)

Details

Property Size
6100 square feet

Year Built
1910