2464 W 1st Ave - Apartments FOR SALE


Vancouver, BC V6K 1G6
$5,795,000 CAD
604-681-8898
2464 W 1st Ave, Vancouver, BC for Sale
$5,795,000 CAD
Apartments - FOR SALE
1/3
null | 3.68% Cap Rate

2464 W 1st Ave
Vancouver, BC V6K 1G6


OVERVIEW

Kits beach 11 unit walkup apartment building including penthouse, only 2 blocks from from kits beach and pool. Panoramic views from the upper units and penthouse. 5 units and penthouse are presently untenantd allowing you to choose your own tenants at current market rents. Potential 4%+ CAP rate. This location is extremely desirable to renters and the ongoing expenses to you will be minimal. Well maintained. Units boast newer cabinets, double glazed vinyl windows (2012), with blinds, hardwood floors, modern fixtures and balconies. 4 parking spaces off the back lane. Boiler replaced in 2010, roof 2012, exterior paint 2023. part of the roof is a shared deck for the tenants. some of the units come furnished. One bedroom penthouse with private deck (vacant), one bedroom with large den (vacant), three one bedrooms (vacant), and six one bedrooms rented. Earn a decent return now with huge potential in the future.

FOR SALE DETAILS

PRICE

$5,795,000 CAD

PRICE/SF

$419 CAD /SF

# OF UNITS

11

PRICE/UNIT

$526,818

CAP RATE

3.68%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1958

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

RM-4

APN/PARCEL ID

009-104-356

ASK ABOUT THIS PROPERTY

Jason WatsonRennie & Associates Realty Ltd.More Info
604-681-8898

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Jason WatsonRennie & Associates Realty Ltd.More Info
604-681-8898

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.