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$ 3,945,000
Est. payment | /mo
6,969 Sqft Lot
$ 3,945,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8070283
Year Built 1958
Lot Size 6,969 Sqft
Property Sub-Type Multi Family
Property Description
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. 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.
Location
Province BC
Community Marpole
Area Vancouver West
Zoning RM-3A
Interior
Heating Hot Water
Exterior
Utilities Available Cable Connected, Electricity Connected, Garbage Collection, Natural Gas Connected, Phone Connected, Street Lighting, Sidewalk
Street Surface Paved
Total Parking Spaces 5
Building
Story 3
Sewer Public Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold
Security Features Security System
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