Property listed at 40 22ND AVE E in Vancouver.
West of Main Legal 4-plex on larger lot. Extensive reno's in 2005 (w/permits) to elec, plumbing, kitchens, baths & interiors -- great condition inside & out. Spacious bright suites, quality tenants. Main (front) 2bdrm $1500/mo: Main (rear)2bdrm $1275/mo: 2nd Flr, 2bdrm & den $1625/mo: 2nd Floor & Up, 1 bdrm,1&1/2 bath $1425: Total Rent = $5875/mo(incl laund), $70,500/yr; Expenses $11,500/year, Net Inc = $59,000/yr, 4.1% Cap Rate. Extra wide lot allows for side driveway & 4 parking at rear. BONUS:1650 sq.ft unfinished area - 1350 in bsmt & 300 in attic for pot. future redevelopment. 1st class location, great income, quality accommodation - this is rare & special! Perfect for fussy investors & owner occupiers. Call LS re appt times
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