406 Union Street
Vancouver
MLS®: R2984601
14 Bed , 7 Bath , 4575 Sq.ft , Other
$2,599,000

Description

The HIP-O Cool 3 Storey, 15 Unit Historic Bldg, Trendy Strathcona, Blk to new St Paul Hospital, mins D/T, Chinatown, 4500 SF Bldg+1500 SF Bsmt completely reno''d 2016-2019 sprinklers, plumbing, elec, flrs, kitchs, roof, baths. Contains 3 Grd Flr S/C Suites; 2nd & 3rd Flrs each w 6 furnished single rooms w sink, each Flr has 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 consider VTB 2nd Mtg to Qualified Buyer. Call LS Info Pkg Show w 2 day notice. Show Fri April 25 @ 12:30pm gone by 1:30pm.

Features
  • Fire Sprinkler System
  • Smoke Detector(s)
MLS® R2984601
Home Style Multi Family
Beds 14
Baths 7
Size 4575 Sq.Ft.
Lot Size 1525 Sq.Ft.
Lot Dimensions 30.5 × 30.5
Built 1910
Taxes $7,731.40 in 2024