RE/MAX Real Estate Services Blog
Property by us at 828 11TH AVE E in Vancouver.
This building has been well maintained by the owners and has had significant upgrades. The top 2 flrs were renovated 3-4yrs ago with new kitchens and bathrooms and both have big S/D's. For an owner occupier the 2nd flr has a 2 B/R suite with wall to wall closet in the master B/R and a 3 pce ensuite as well as a full 4 pce bath. Sliding doors off the L/R open to a 25'x9' deck. At the basement level the laundry room has 1 yr old Huebsch commercial grade coin-operated W/D. A few yrs ago the owners built a 22'x24' double garage off the back lane. It has 12' clgs and each side rents for $350 p.m. Gross income $81,000, net $68,757 with a G.R.M. of 15.74 and a 5.39 cap rate. First showings Sat. 22nd June, please call for an appointment.