HIP-O Building Cool Strathcona 3 Storey 15 Unit Historic lncome Bldg near Chinatown, mins D/ &, 1 Blk to new St Paul Hospital. The 4500 SF Bldg + 1500 SF unfin Bsmt reno'd in 2016-2019 Main Flr has 3 S/C Suites; 2nd & 3rd Flrs each contain 6 furnished single rooms each w sink vanity, murphy bed, & each Flr has modern kitchen, 2 baths, common area. The 1500 SF Bsmt largely unused w Coin laund, bike storage, lockers for rent. 2 of 12 single rooms are COV SRA rental restricted, but rest incl 3 S/C Suites are unrestricted market rentals. 1910 Character Bldg, 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 & maintained w/good Tenants. Great hands off investment, or great for non-profit housing! Seller consider VTB 2nd mortgage to Qualified Buyer, Showing w 2 Day Notice. Call LS viewing, info pkg. (id:58426)
| MLS® Number | C8075345 |
| Property Type | Multi-family |
| ConstructedDate | 1910 |
| SizeInterior | 6100 Sqft |
| Acreage | No |
| SizeIrregular | 1525 |
| SizeTotal | 1525 Sqft |
| SizeTotalText | 1525 Sqft |
| ZoningDescription | Rt-3 |
https://www.realtor.ca/real-estate/29273147/406-union-street-vancouver
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Bob Bracken
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