406 Union Street Vancouver, British Columbia V6A 2B6

$2,750,000

The HIP-O Building, 406 Union St. Cool 3 Storey 15 Unit Historic Character lncome Bldg Trendy Strathcona, near Heart of Chinatown, mins to D/T, blk to new St. Paul's Hospital. 4500 SF Bldg (+ 1500 SF unfin Bsmt) contains 3 Ground Floor S/C Suites: 2nd & 3rd Floors each contain 6 furnished single rooms each w sink vanity, murphy bed. These Flrs each have a modern kitchen, 2 bathrooms & common area. 1500 SF Bsmt largely unused/available & contains Coin laund, bike storage & lockers for rent. 2 of the 12 single rooms are COV SRA rental rate restricted, while the rest (incl the 3 S/C Suites) are unrestricted market rentals. 1910 Building retains lots of character but very upgraded, w redone plumbing, elec, floors, kitchens, roof, baths. Gr Income $17,916/mo, $214,992/yr; NOI $130,157/yr, 4.7% Cap Rate. Property professionally managed, well maintained w quality Tenants. Excellent "hands off" investment, or great non-profit housing. Showings Preferred Fridays Afternoon w 2 Day Notice. Call LS viewing, info pkg. (id:28820)

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https://www.realtor.ca/real-estate/27093537/406-union-street-vancouver