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406 Union Street, Vancouver
Description
The HIP-O! Cool 3 Storey, 15 Unit Historic Bldg in Trendy Strathcona, Block to new St Paul Hospital, mins to D/T, Chinatown, 4500 SF Bldg+1500 SF Bsmt completely reno''d 2016-2019 - sprinklers, plumbing, elec, flrs, kitchs, roof, baths & more. Contains 3 Grd Flr S/C Suites; 2nd & 3rd Flrs each w 6 furnished single rooms w sink, - each Flr has a modern big kitchen, 2 baths. 1500 SF Bsmt w Coin laund, Util/mech, bike storage, lockers. 2 of 12 single rooms are COV SRA rent restricted, rest incl 3 S/C Suites are unrestricted market rentals., Gross Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5%. Prof managed & maintained good Tenants. Great hands off investment, or n-p housing. Seller will consider VTB 2nd Mtg to Qualified Buyer. Call LS Details, Info Pkg Showings w 2 day notice.
Taxes (2024): $7,731.40
