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Residential Real Estate Specialists

Bob Bracken
Agent
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.

406 UNION Street
Strathcona Vancouver V6A 2B6

$2,750,000
Multi-Family Commercial

Main Photo: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 1: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 2: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 3: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 4: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 5: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 6: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 7: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 8: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 9: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 10: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
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Photo 12: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
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Photo 20: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
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Photo 24: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
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Photo 35: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 36: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 37: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 38: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 39: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 40: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8061080
Build. Type:
Low Rise (2-4 stories)
HIP-O Building 406 Union St. Cool 3 Storey 15 Unit Historic lncome Bldg Trendy Strathcona, near Chinatown, mins to D/T, 1 blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt completely reno'd 2016-2019 contains 3 Grd Flr S/C Suites; 2nd & 3rd Flrs each contain 6 furnished single rooms w sink vanity, murphy bed, & each Flrs have a modern kitchen, 2 baths & common area. 1500 SF Bsmt largely unused w Coin laund, bike storage, lockers for rent. 2 of 12 single rooms COV SRA rental restricted, but rest incl 3 S/C Suites are unrestricted market rentals. 1910 Bldg lots of character very upgraded, sprinklered redone plumbing, elec, flrs, kitchs, roof, baths. Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, 4.7% C. R. Prof managed well maintained good Tenants. Great hands off investment, or great non-profit housing OTE! Seller consider VTB 2nd mortgage good terms to Qualified Buyer, call LS for details. Showing Preferred Frid Afternoon 2 Day Notice. Call LS viewing, info pkg. Show Fri Oct 25 11:00am by Appt
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Residential Mix, Multiple Tenant/Multi-Plex (5+)
# Units:
15
# Other Units:
12
# of Appartments:
3
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
1
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
2
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1910 (Age: 114)
Total Floor Area:
6,100 sq. ft.
Lot Area:
1,525 sq. ft.
Lot Depth:
50
Lot Frontage:
30'6"
Land Use/Zoning:
RT-3
Taxes:
$6,775.99 / 2023
Env Assmt Phase:
Yes
Cap Rate %:
4.5
Other Income:
$4,593
Effective Gross Income:
$215,187
Gross Income:
$210,594
Oper. Expenses:
$92,077
Net Operating Income:
$123,110
Original Price:
$2,750,000
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Listed by RE/MAX Real Estate Services
Data was last updated November 17, 2024 at 08:10 AM (UTC)
Bob Bracken

Email Bob Bracken

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