Here is information on Bob's New Listing at 749 East 16th Ave Vancouver, located in popular Mount Pleasant. This is a High Quality, 1st Class, True Investment Property w Huge Income from 8 Self Contained Suites. Completely rebuilt from foundation in 2005, additional extensive renovations in 2006-2007, with bright Suites, great Tenants, low maintenance, sprinklered Building, minimal management required, zero vacancy. Some posted photos taken shortly after renovations.
Huge Income $9,416/mo, $112,992/yr, with Rental Upside (rent well below market). Cap Rate 5+%, GRM 15.5 X Earnings. Potential Income $12,700/mo, $152,400/yr, Potential Cap Rate 7%. Great Mount Pleasant location, close to Shopping, Restaurants, Transit, Parks, minutes to Main St & Downtown. Vancouver Walk Score 96, Transit Score 68, Bike Score 79. Great Opportunity to own a Quality Income Property with Great Cash Flow in a popular Vancouver neighbourhood. Great Investment, also Perfect for Non Profit Housing Societies. Showing by Appointment with 2 Day Notice, must confirm attendance. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan, Viewing. Asking Price $1,749,000. Showing Mon Dec 16 noon gone by 1:00pm by Appt. Offers if any, will be presented Mon Dec 16 after 5:00pm. Email all offers bob@bobbracken.com