406 Union ST Active Save Request In-Person Tour Request Virtual Tour
Vancouver,BC V6A 2B6
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8061080
Year Built 1910
Lot Size 1,742 Sqft
Property Sub-Type Multi Family
Property Description
HIP-O Building Cool 3 Storey 15 Unit Historic lncome Bldg Trendy Strathcona, near Chinatown, mins D/T, 1 Blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt completely reno'd 2016-2019 contains 3 Grd Flr S/C Suites; 2nd & 3rd Flrs each contain 6 furnished single rooms w sink vanity, murphy bed, & each Flrs have modern kitchen, 2 baths, common area. 1500 SF Bsmt largely unused w Coin laund, bike storage, lockers for rent. 2 of 12 single rooms COV SRA rental restricted, but rest incl 3 S/C Suites are unrestricted market rentals. 1910 Bldg lots of character very upgraded, sprinklered redone plumbing, elec, flrs, kitchs, roof, baths. Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5%. Prof managed well maintained good Tenants. Great hands off investment, or great non-profit housing OTE! Seller consider VTB 2nd mortgage good terms to Qualified Buyer, call LS Details. Showing Preferred Fri Afternoon 2 Day Notice. Call LS viewing, info pkg. Showing Fri May 30 @ 4:00pm gone by 5:00pm by Appt.
Location
Province BC
Community Strathcona
Area Vancouver East
Zoning RT-3
Building
Story 3
Others
Ownership Freehold