2556 W 4th AVE new Save Request In-Person Tour Request Virtual Tour
Vancouver,BC V6K 1P6
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8069750
Year Built 1947
Lot Size 5,227 Sqft
Property Sub-Type Multi Family
Property Description
Quality, Updated Kitsilano Walk-Up Apartment Building located on South side of W 4th Ave between Larch & Trafalgar on 50' X 101' RM-4 Lot. Bldg contains 11 Suites: 5 Bachelor Units, 4 X 1 Bdrm, 1 X 1 Bdrm & Den, 1 X 2 Bdrm Suites. Great Tenants, Zero Vacancy, Coin Laundry, each Suite has Separate Meters. There are also 3 Separate Garages, all Rented. Bldg has many updates incl electrical, washer/dryer, furnace, roof, exterior paint. 9 Suites have been renovated incl new floors, kitchens, bathrooms, appliances. Gross Income $20,915/mo, $250,980/yr, 4.2% Cap Rate w upside! Some of the larger Bachelors could be converted to 1 Bedrooms, allowing further Income increase. Steps to W 4th & W Broadway shops, markets, coffee shops, restaurants, banks, retail & services, transportation, minutes to Downtown & UBC. 1st Class Investment, those wanting Best Location, Condition, Ease of Management & Value should see this. Showing by Appt Only, min 2 Day Notice. Contact LS re Viewing, Info Pkg.
Location
Province BC
Community Kitsilano
Area Vancouver West
Zoning RM-4
Building
Story 2
Others
Ownership Freehold