Multi-family for sale
1676 W 10th Avenue, Fairview VW, Vancouver
$6,100,000
$6,100,000
Multi-family for sale
1676 W 10th Avenue, Fairview VW, Vancouver
Features
Year Built
1955
Floor Area
6,300 sqft
Lot Size
6,250 sqft
Gross Property Tax
$13,233 /year
Building Type
Low Rise (2-4 storeys)
Building / Complex Name
Noraleen Apartments
Zoning
RM-3
# of Parking Spaces
5
Subject Property Width
50 ft
Subject Property Depth
125 ft
Amenities
Laundry Facility
Suite Mix Information
9 x 1 ½, 2 x 2 ½
Description
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Noraleen Apartments, a highly coveted ‘West of Granville’ apartment building with strong in-place rental income and future high density redevelopment potential. Originally constructed in 1955, Noraleen Apartments presents investors with a unique opportunity to acquire a high performing rental building, with tastefully renovated suites that include refinished hardwood floors, soft close cabinets, quartz and arborite counter tops, dishwashers, and new tiling in the kitchens and bathrooms. Through diligent ownership and self management, the property is generating exceptional cash flow, resulting in a rare high yield investment asset on Vancouver’s west side.
MLS® Number C8060373