8741 Cartier St - Apartments FOR SALE


Vancouver, BC V6P 4V3
$4,195,000 CAD
778-998-4663
8741 Cartier St, Vancouver, BC for Sale
$4,195,000 CAD
Apartments - FOR SALE
1/10
null | 4.91% Cap Rate

8741 Cartier St
Vancouver, BC V6P 4V3


OVERVIEW

Park Avon Apartments presents investors with an exceptional opportunity to purchase an upgraded and well performing rental complex in Vancouver. Located in the heart of the Marpole region, just steps from Granville Street, this building has significant upside on tenant turnover, and is poised for future redevelopment as the neighbourhood grows. Originally constructed in 1958, this 3 Storey investment is comprised of 10 large units; 9 One Bedrooms and 1 Three Bedroom unit, 5 of which have been recently renovated. Featuring 10 storage lockers, 5 parking stalls, income generating shared laundry, numerous capital upgrades, and an entrance cap rate that is 44% higher than recent average Marpole sales, this investment is primed for future success and strong returns. This is a rare opportunity for investors looking to capitalize on an established, income-generating asset in a rapidly appreciating area.

FOR SALE DETAILS

PRICE

$4,195,000 CAD

PRICE/SF

$300 CAD /SF

# OF UNITS

10

PRICE/UNIT

$419,500

CAP RATE

4.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Avon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

RM-3A

APN/PARCEL ID

014-348-322

ASK ABOUT THIS PROPERTY

Chris HayneRoyal LePage City CentreMore Info
778-998-4663

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Chris HayneRoyal LePage City CentreMore Info
778-998-4663

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