Park Avon Apartments presents investors with an exceptional opportunity to purchase an upgraded and well performing rental complex in Vancouver. Located in the heart of the Marpole region, just steps from Granville Street, this building has significant upside on tenant turnover, and is poised for future redevelopment as the neighbourhood grows. Originally constructed in 1958, this 3 Storey investment is comprised of 10 large units; 9 One Bedrooms and 1 Three Bedroom unit. Featuring 10 storage lockers, 5 parking stalls, income generating shared laundry, numerous capital upgrades, and an entrance cap rate that is 44% higher than recent average Marpole sales, this investment is primed for future success and strong returns. This is a rare opportunity for investors looking to capitalize on an established, income-generating asset in a rapidly appreciating area. (id:58426)
| MLS® Number | C8070283 |
| Property Type | Multi-family |
| Neigbourhood | Shaughnessy |
| Features | Lane |
| RoadType | Paved Road |
| Amenities | Street Lighting |
| ConstructedDate | 1958 |
| FireProtection | Alarm System |
| SizeInterior | 11238 Sqft |
| Acreage | No |
| SizeIrregular | 7008 |
| SizeTotal | 7008 Sqft |
| SizeTotalText | 7008 Sqft |
| ZoningDescription | Rm-3a |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/28515901/8741-cartier-street-vancouver
Contact us for more information
Chris Hayne
CRE Investment & Development Team
Bill Jassal
Personal Real Estate Corporation, CRE Investment & Development Team
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