The Largest Number of Homes for Sale
Multi-family for sale
2556 W 4th Avenue, Kitsilano, Vancouver
$4,980,000
$4,980,000
Multi-family for sale
2556 W 4th Avenue, Kitsilano, Vancouver
Features
Year Built
1947
Floor Area
7,400 sqft
Lot Size
5,050 sqft
Gross Property Tax
$12,662.70 /year
Building Type
Low Rise (2-4 storeys), Residential Mix
Zoning
RM-4
Subject Property Width
50 ft
Subject Property Depth
101 ft
Suite Mix Information
5 x Bachelor/Studio, 5 x 1 ½, 1 x 2 ½
Total no. of Units
11
Financial Summary
$250,980
Description
Quality, Updated Kitsilano Walk-Up Apartment Building located South side of W 4th Ave between Larch & Trafalgar on 50’ X 101’ RM-4 Lot. Bldg contains 11 Suites: 5 Bachelor Units, 4 X 1 Bdrm, 1 X 1 Bdrm & Den, 1 X 2 Bdrm Suites. Great Tenants, Zero Vacancy, Coin Laundry, each Suite has Separate Meters. There are also 3 Separate Garages, all Rented. Bldg has many updates incl electrical, washer/dryer, furnace, roof, exterior paint. 9 Suites have been renovated incl new floors, kitchens, bathrooms, appliances. Gr Income $20,915/mo, $250,980/yr, 4.2% Cap Rate w upside! Some larger Bachelors could be converted to 1 Bedrooms, allowing further Income increase. Steps to W 4th & W Broadway shops, markets, coffee shops, restaurants, banks, retail & services, transit, minutes to Downtown & UBC. 1st Class Investment, those wanting Best Location, Condition, Ease of Management & Value should see this. Show by Appt Only, min 2 Day Notice. Call LS re Viewing, Info Pkg. Showing Fri June 27 @ 1:00pm by Appt call to attend.
MLS® Number C8069750