Multi-family for sale
1 220 E 15th Avenue, Mount Pleasant VE, Vancouver
$3,538,000
Features
Year Built
1920
Floor Area
4,451 sqft
Lot Size
3,959 sqft
Gross Property Tax
$9,118.68 /year
Building Type
Freestanding, Low Rise (2-4 storeys), Residential Mix
Zoning
RM-4
# of Parking Spaces
2
Subject Property Width
32.43 ft
Subject Property Depth
122.07 ft
Suite Mix Information
6 x 1 ½
Total no. of Units
6
Financial Summary
$135,345
Description
Wow! Solid income producing investment property available on E.15th Avenue near Main Street. Within the Broadway Plan - "Mount Pleasant South Apartment Area B", and Mount Pleasant Station Transit Oriented Development Area (TOA), excellent future development potential when combined with neighbouring properties. Entire Property (+95%) re-built between 2009 & 2010, total of 6 X 1 Bedroom + Den self contained units. Annual Gross income of approx. $135,345 and 3.31% return. The current under-market rents present a great potential for rental upside on the overall income revenue. Great income holding investment with future redevelopment potentials.
MLS® Number C8066852