Bob Bracken's Listings
977 E 11TH Avenue in Vancouver: Mount Pleasant VE House for sale (Vancouver East) : MLS®# R2620004
977 E 11TH Avenue Vancouver V5T 2E8 : Mount Pleasant VE
SOLD OVER THE ASKING PRICE!
Here is information on Bob's New Listing at 977 East 11th Ave Vancouver, located in the Heart of a lovely Mount Pleasant neighbourhood. This is a Big Character 5 Unit Income Property, on a Corner 33'X122' RT-5 Lot. The 2944 SF, 4 level Building contains 5 Self Contained Units: 1 X 2 Bdrm, 1 X (large) 1 Bdrm, 2 X Studios, & 1 Loft Jr 1 Bdrm. The property is professionally managed with good long term Tenants, has Character features including high ceilings & wood floors, decks & some great views. There is a nice fenced rear yard, gardens & open parking for 3 Cars. The Gross Income of $68,200/yr is well below market with tremendous future Rental Upside, (market Gross Income likely $86,000 to $90,000/yr). Fantastic location, close to transportation, East Broadway restaurants, shopping, mins to Downtown, the "Drive", UBC and Vancouver Community College. It is also close to, and stands to benefit from the new Sky Train Underground Metro line expansion currently under construction. This is a great Investment property with terrific upside, in an area of high rental demand. It is also perfect for Owner Occupiers & Shared Ownership wanting Mortgage help; and for Investors, Renovators/Developers wishing to add value. Showing by Appointment Only, COVID rules, Masks required, min 2 Day Notice.Please contact Bob Bracken 604-220-2035 for Showings, Info Pkg, all Details. Asking Price $1,798,000. Showing Mon 11th @ 1:00pm gone by 1:45pm by scheduled Appointment MUST CONFIRM ATTENDANCE.
Data was last updated October 27, 2021 at 09:05 PM (UTC)