RE/MAX Real Estate Services Blog
Posted in: Marpole, Vancouver West Real Estate
Property by us at 1377 70TH AVE W in Vancouver West.
Well run 8 suiter with owner living in one suite and renting the rest. 2 big 2 B/R suites, 4 big 1 B/R's, all with hardwood floors and several have been upgraded. Basement has 1 large and 1 small 1 B/R suites just 8 years old. Gross Annual Rent: $81,390, Net Annual Income $64,336. Roof and draintile 14 years old, furnace 8 years old, H/W boiler 6 years old and buried oil tank was removed with permit 10 years ago. Several recent kitchens, triple garage off back lane, 2 rented at $175 per month and the middle one is used as common bike and storage area. In the Marpole Community Plan with an FSR of 2.5 for a 6 storey rental building.