Bob Bracken's Listings
Rare 8 Suite Licensed Apartment Building, in Prime Location, across from City Hall & walking distance to Cambie Street & West Broadway Shops, Transportation, Skytrain, and just minutes to Downtown and Airport. All Self Contained Suites with Gas & Hydro Meters, storage lockers, bike lockers & doorbell, sep manager office. Bldg is in good condition, with approx 5350 SF on 4 levels containing 2 X 2 Bdrm, 4 X 1 Bdrm and 2 Studio Suites. All units have hard wired smoke detectors, some with vaulted ceilings, views, decks. Gross Income/yr currently $133,332 (including parking & laundry) with expenses approx. $26,000/yr for a Net Income $107,332/yr, Cap Rate 3.7% with upside. This is a great investment, easy to manage, stable quality tenancies in an amazing location. Call Bob Bracken @ 604-220-2035 for Info Pkg, Viewings, All Details, & to Discuss Real Estate. This Showing Wed Feb 27th @ 3:00pm gone by 4:00m IS NOW CANCELLED.
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Listed by RE/MAX Real Estate Services
Data was last updated April 20, 2025 at 02:40 AM (UTC)
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