Property listed at 497 10TH AVE E in Vancouver.
Huge 3 level Character Multifamily building/house on a 49’ x 124’ corner RT-5 lot, containing 5 legal self contained suites plus a small office in the main house (current owner to retain as a rental), as well as 2, very updated studio suites in the large rear garage. Some of the rents are low, and there is an opportunity to add 1 bdrm to each garden suite from unused storage area in bsmt, adding at least $1,200/mo to income. Current rent approx. $8750/mo or $105,000/yr: Expense qpprox $21,000/yr for $84,000/yr Net: 3.4% Cap Rate, with upside! House in good condition, low maintenance & hassle. Great Value, Great Future Potential. Viewings w/48 hrs notice. 1st showing Thurs, Mar 3 @ by appt to ensure orderly viewings. Call LS to attend, for info pkg & more details.
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