1917 East 1st Avenue, Vancouver MLS®: R2274804
INVESTOR ALERT! Amazing opportunity with this Commercial Drive 5PLEX generating over $100K annually! Sitting on a 33x124.5 in the heart of The Drive and the newly adopted Grandview-Woodlands community plan. The entire building has been extensively renovated, from the interior of each suite to the mechanics to the brand new roof, making this home turn-key. All the suites are really nice meaning it could work great for co-owners, someone to live in one suite and collect revenue from the rest or savvy investors. Located in one of Vancouver's most sought-after communities with new zoning, offering huge future development potential while operating at an impressive 4.17% cap rate, this property makes for a sound investment!
Taxes (2017): $4,977.29
- Central Location
- Lane Access
- Private Yard
- Recreation Nearby
- Shopping Nearby
Listed By: RE/MAX Select Realty
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.