Property listed at 1865 12TH AVE W in VANCOUVER.
LOWER SHAUGHNESSY INVESTMENT MACHINE! Big (5,350 sq.ft.)Character Licensed Multi-Suite Rental Building, well maintained, easy to manage in a great West Side neighbourhood. Very solid income - $114,000/yr Gross, approx $87,000/yr Net -- providing a 4+% Cap Rate on List Price - from current tenancies (many long term) with future upside. Long term owners have done many upgrades etc in past 10 yrs, incl. roof, chimneys, electrical, kitch, baths etc. Bldg is in good condition & shows well. 10 yr old double garage is rented to offsite renters, 2 add'l open pkg spaces. Property is clear title and Sellers will take back 1st Mtg financing with attractive terms to qualified Buyers, thus avoiding costly & time consuming mtg application process. This is a worry free, low hassle property in a 1st class location, with superb income i.e. a great opportunity for a qualified investor. All Meas Approx. & to be verified. Allow time for viewings, Call LS
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