Vancouver East Apartment Building for sale: Studio (Listed 2010-03-08)

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• Property Value$1,350,000
• Property Address833 East Broadway, Vancouver, BC, Canada
• TypeApartment Building
• StyleRental Apartments
• BasementNo Values ...
• Year Built1912

• BedroomsStudio

Vancouver East Address

833 East Broadway, Vancouver, BC, Canada

Description

This heritage apartment building is a great investment opportunity. The main building contains 10 rental apartments but the property contains an additional, separate coach/lane house. Many of the tenants are long term & very reliable. Several units have rental income under market value, but lease is month to month so there is room for increased revenue. Back decks are also new. Complex also has live in caretaker. 3.2% Rental Increase in effect May 1st 2010 for all units. This will raise Cap Rate to 4.83.

Listing Provided By

Prudential Sussex Realty