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. (id:58426)
| MLS® Number | C8069750 |
| Property Type | Multi-family |
| Neigbourhood | Kitsilano |
| ConstructedDate | 1947 |
| SizeInterior | 7400 Sqft |
| Acreage | No |
| SizeIrregular | 5050 |
| SizeTotal | 5050 Sqft |
| SizeTotalText | 5050 Sqft |
| ZoningDescription | Rm-4 |
https://www.realtor.ca/real-estate/28422832/2556-w-4th-avenue-vancouver
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Bob Bracken
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