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406 UNION Street
Strathcona Vancouver V6A 2B6

$2,750,000
Multi-Family Commercial

Main Photo: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 1: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 2: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 3: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 4: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 5: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
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Photo 40: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8061080
Build. Type:
Low Rise (2-4 stories)
HIP-O Building @ 406 Union St. Cool 3 Storey 15 Unit Historic lncome Bldg Trendy Strathcona, near Chinatown, mins to D/T, 1 blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt completely reno'd 2016-2019 contains 3 Ground Flr S/C Suites: 2nd & 3rd Flrs each contain 6 furnished single rooms w/sink vanity, murphy bed, & each Flrs have a modern kitchen, 2 baths & common area. 1500 SF Bsmt largely unused w Coin laund, bike storage & lockers for rent. 2 of 12 single rooms are 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, floors, kitchens, roof, baths. Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, 4.7% Cap Rate. Prof managed, well maintained good Tenants. Great "hands off" investment, or great non-profit housing OTE! Sellers will consider VTB 2nd mtg w/good terms to Qualified Buyers, contact LS for details. Shwng Preferred Fridays Afternoon 2 Day Notice. Call LS viewing, info pkg.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Residential Mix, Multiple Tenant/Multi-Plex (5+)
Name of Complex/Subdivision:
# Units:
15
# Other Units:
# of Appartments:
3
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
1
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
2
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1910 (Age: 114)
Total Floor Area:
6,100 sq. ft.
Lot Area:
1,525 sq. ft.
Lot Depth:
50
Lot Frontage:
30'6"
Land Use/Zoning:
RT-3
Taxes:
$6,775.99 / 2023
Roof:
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by RE/MAX Real Estate Services
Data was last updated October 10, 2024 at 09:05 PM (UTC)
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