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1218 E GEORGIA Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8037693

1218 E GEORGIA Street Vancouver V6A 2B1 : Strathcona

Main Photo: 1218 E GEORGIA Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8037693banner
$1,788,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8037693
Status:
Active
Build. Type:
Multiple Tenant/Multi-Plex (5+)
Big Character Legal 5 Unit Income Property in Good Condition, in popular Commercial Drive/Strathcona. 3560 SF Bldg, 4 Lvls include 875 SF unfinished Basement containing 1 Bach, 2X1 Bdrm & 2X2 Bdrm, all S/C Units, Income $108,600/yr, $89,000/yr Net; Cap Rate 5%. Many Upgrades include Electrical & Plumbing to code, new Windows & Water Line, new Kitchens, Baths & Dishwashers in all Units, insuite Laundry 3 Units plus shared Coin Laundry, new Lighting, Roof & more. Basement w 7’ Ceiling height is unfinished, w sink/toilet rented for Storage, but has Development potential. Big rear yard w Open parking. Note Property is a registered Single Room Occupancy Building (SRO) w restrictions on use & Redevelopment, but also additional potential for Rental Income. All viewings by Appointment Only with 2 day notice. COVID rules, all Masks required. Please contact Bob Bracken 604-220-2035 to book Appointments, Information Package, Floor Plan, Details. Showing Friday May 14th at 3:30pm gone by 4:15pm by scheduled Appointment Only. MUST CONFIRM.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multiple Tenant/Multi-Plex (5+)
# Units:
5
# Storeys:
3.0
Year built:
1912 (Age: 109)
Land Use/Zoning:
RT-3
Taxes:
$4,544.51 / 2020
Env Assmt Phase:
None
Cap Rate %:
5.0
Other Income:
$240
Effective Gross Income:
$108,036
Gross Income:
$107,796
Oper. Expenses:
$18,990
Net Operating Income:
$89,046
Original Price:
$1,788,000
Data was last updated May 16, 2021 at 11:05 AM (UTC)

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.