406 Union Street Vancouver, British Columbia V6A 2B6
$2,750,000
The HIP-O Building, 406 Union St. A Cool 3 Storey 15 Unit Historic Character Rental in trendy Strathcona, near Heart of Chinatown, mins to D-town, close to new St. Paul's Hospital. 4500 SF Bldg (+ 1500 SF unfin bsmt) contains 3 Ground level S/C Suites, 2nd & 3rd flrs each w/6 furnished single rooms w/ sink vanity, murphy bed. Each floor also has modern kitchen, 2 bathrms & common area. Coin laund, bike & lockers for rent in Bsmt which is largely unused/available. 2 of the 12 single rooms are COV SRA rental rate restricted, while the rest are unrestricted market rentals incl the 3 S/C Suites. 1910 Building retains lots of character but very upgraded, w redone plumbing, elec, floors, roof, baths. 2 big modern kitchens w/newer appliances, granite countertops etc. Gross Income $18k/Mo, $216k/yr; NOI $124k/yr, 4.5 Cap Rate. Property professionally managed, well maintained w quality Tenants. Excellent "hands off" investment, or great non-profit housing. Contact LS re viewing, info pkg. (id:49542)
Property Details
| MLS® Number | C8061080 |
| Property Type | Multi-family |
Building
| Constructed Date | 1910 |
| Size Interior | 6100 Sqft |
Land
| Acreage | No |
| Size Irregular | 1525 |
| Size Total | 1525 Sqft |
| Size Total Text | 1525 Sqft |
| Zoning Description | Rt-3 |
https://www.realtor.ca/real-estate/27093537/406-union-street-vancouver
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June 26 2024 09:54:48
Real Estate Board Of Greater Vancouver