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Bob Bracken
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604-263-2823

Bob Bracken

Bob Bracken's real estate business is focused on helping people sell and buy investment real estate such as Apartment Buildings, Development Sites, Nursing Homes and Duplex, Triplex, Fourplex and other multi-residential properties. Bob's selling style focuses on working to provide Sellers and Buyers with all of the information they need to confidently make informed decisions on investment real estate.

749 E 16TH Avenue
Mount Pleasant VE Vancouver V5T 2V5

$1,749,000
Multifamily beds: 2 baths: 7.0 3,040 sq. ft. built: 1925

Main Photo: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 1: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 2: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 3: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 4: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 5: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 6: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 7: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 8: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 9: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 10: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 11: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 12: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 13: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 14: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 15: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 16: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 17: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 18: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 19: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 20: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 21: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 22: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 23: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 24: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 25: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 26: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 27: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 28: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 29: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 30: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Photo 31: 749 E 16TH Avenue in Vancouver: Mount Pleasant VE Multifamily for sale (Vancouver East)  : MLS®# R2950512
Status:
Active
Prop. Type:
Multifamily
MLS® Num:
R2950512
Bedrooms:
2
Bathrooms:
7
Year Built:
1925
High Quality, 1st Class, Investment Property w Huge Income! 8 Self Contained Suites. Completely rebuilt from foundation in 2005, add'l renos 2006-2007, bright Suites, great Tenants, low maintenance Bldg, sprinklered, minimal management reqd, zero vacancy. Some posted photos taken shortly after renos. Inc $9,416/mo, $112,992/yr, rent well below market. Cap Rate 5.4%. Potentials: Inc $12,700/mo, $152,400/yr, Cap Rate 7.7%. Great Mt Pleasant location, close to shopping, restaurants, transit, parks, mins Main St & D/T. Great investment, also perfect for non profit housing societies. Call LS for more info, floor plan, info pkg. Showings avail w 2 day notice. Showing Mon Dec 16 noon gone by 1:00pm by appt only. Offers if any, Mon Dec 16 after 5 PM, Email to LS.
Property Type:
Multifamily
Dwelling Type:
Other
Home Style:
2 Storey
Year built:
1925 (Age: 99)
Total area:
3,040 sq. ft.
Total Floor Area:
3,040 sq. ft.
Total unfinished area:
0 sq. ft.
Main Floor Area:
1,380 sq. ft.
Floor Area Above Main:
1,660 sq. ft.
Floor Area Above Main 2:
0 sq. ft.
Floor Area Below Main:
0 sq. ft.
Basement Area:
0 sq. ft.
Levels:
2
Bedrooms:
2 (Above Grd: 2)
Bathrooms:
7.0 (Full:7/Half:0)
Kitchens:
8
Rooms:
24
Taxes:
$6,367.73 / 2024
Lot Area:
3,259 sq. ft.
Lot Frontage:
37'
Lot Depth:
88.09
Outdoor Area:
Patio(s) & Deck(s)
Water Supply:
City/Municipal
Heating:
Natural Gas, Radiant
Construction:
Frame - Wood
Foundation:
Concrete Perimeter
Basement:
None
Roof:
Asphalt
Parking:
None
Exterior Finish:
Vinyl
Title to Land:
Freehold NonStrata
# Bachelor Units:
6
# 1Bdrm Units:
2
# 2Bdrm Units:
0
# 3Bdrm Units:
0
# Other Units:
0
Income as at Date:
Dec 09, 2024
Income Per Annum:
112992.0
Oper. Expenses:
17943.0
Net Operating Income:
$95,049
LOT 8, BLOCK 102, PLAN VAP2466, DISTRICT LOT 301, NEW WESTMINSTER LAND DISTRICT
Floor
Type
Size
Other
Main
Living Room
14'4" × 13'9"
-
Main
Kitchen
8'6" × 4'6"
-
Main
Dining Room
8'6" × 7'4"
-
Main
Bedroom
13'4" × 11'1"
-
Main
Living Room
11'2" × 8'7"
-
Main
Kitchen
8'9" × 7'2"
-
Main
Bedroom
10'2" × 8'8"
-
Main
Living Room
20'7" × 9'1"
-
Main
Kitchen
9'1" × 8'2"
-
Main
Utility
7'3" × 6'6"
-
Main
Utility
11'2" × 5'6"
-
Main
Storage
21' × 7'
-
Main
Storage
21' × 7'
-
Above
Living Room
11'11" × 11'11"
-
Above
Kitchen
7'11" × 5'6"
-
Above
Eating Area
8'9" × 5'
-
Above
Living Room
13' × 7'10"
-
Above
Kitchen
11'4" × 7'2"
-
Above
Living Room
12'11" × 11'11"
-
Above
Kitchen
11'11" × 6'7"
-
Above
Living Room
12'7" × 11'4"
-
Above
Kitchen
10'2" × 7'6"
-
Above
Library
15' × 8'
-
Above
Kitchen
8' × 5'
-
Floor
Ensuite
Pieces
Other
Main
No
3
Main
Yes
4
Main
No
4
Above
No
4
Above
No
4
Above
No
4
Above
No
-
Above
No
4
Property Disclosure:
No
Fixtures Leased:
No
Sprinklers:
Yes
Smoke Detectors:
Yes
Services Connected:
Electricity, Natural Gas, Sanitary Sewer, Storm Sewer, Water
Original Price:
$1,749,000
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Listed by RE/MAX Real Estate Services
Data was last updated December 26, 2024 at 03:10 AM (UTC)
Bob Bracken

Email Bob Bracken

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