Calling all Savvy Investors!! This is an incredibly rare opportunity to own 6 income generating townhomes situated on a corner lot just steps to Commercial drive. This legal, 6 unit townhome complex has incredible long term holding potential and huge upside for additional revenue. All suites currently rented out to fantastic, long term tenants. The suites all feature 3 beds and most have large basement areas for further potential revenue streams. Some photos from earlier listing. The complex has many upgrades over the years including new windows & roof within the last 2 years. Total income in 2020 was $192,691.40 with an NOI of $160,200.40. CAP rate of 4%. Priced below assessed value. Supporting docs available upon request. Showings by appt only
Address
1420-1430 NAPIER STREET
List Price
$3,998,000
Property Type
Residential Income
Type of Dwelling
Other
Style of Home
3BSMT
Area
Vancouver East
Sub-Area
Grandview Woodland
Bedrooms
21
Bathrooms
7
Floor Area
7,670 Sq. Ft.
Lot Size
2816 Sq. Ft.
Year Built
1912
MLS® Number
R2615152
Listing Brokerage
Sutton Group-West Coast Realty
Basement Area
Full
Postal Code
V5L 2M5
Zoning
RM-4
Tax Amount
$13,260.00
Tax Year
2021
Site Influences
Central Location, Recreation Nearby, Shopping Nearby
Features
Clothes Washer/Dryer, Refrigerator, Stove
Amenities
In Suite Laundry, Storage, Workshop Attached