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 |
Multifamily |
| Type of Dwelling |
Other |
| Style of Home |
3 Storey w/Bsmt |
| 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 |
| Tax Year |
2021 |
| Site Influences |
Central Location, Recreation Nearby, Shopping Nearby |
| Features |
Clothes Washer/Dryer, Refrigerator, Stove |
| Amenities |
In Suite Laundry, Storage, Workshop Attached |
