Property listed at 406 Union Street in Vancouver.
HIP-O Building Cool Strathcona 3 Storey 15 Unit Historic lncome Bldg near Chinatown, mins D/T, 1 Blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt, reno'd in 2016 Main Flr has 3 S/C Suites; 2nd & 3rd Flrs Each w 6 furnished single rooms w sink vanity & bed. Each Flr has modern kitchen, 2 baths etc. 1500 SF Bsmt has laund, bike storage, lockers for rent. 2 of 12 single rooms are COV SRA rental restricted, but rest are unrestricted market rentals. 1910 Character Bldg, 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 for non-profit housing Seller consider VTB 2nd mortgage. Showing w 2 Day Notice. Cll LS for info pkg, viewing
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