Multi Family

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1430 NAPIER Street
Grandview Woodland Vancouver V5L 2M5

$3,998,000
Multi-Family Commercial

Main Photo: 1430 NAPIER Street in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040090
Photo 1: 1430 NAPIER Street in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040090
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8040090
Build. Type:
Freestanding
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 appointment only
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Freestanding, Multiple Tenant/Multi-Plex (5+)
# Units:
0
# Storeys:
3.0
Year built:
1912 (Age: 109)
Land Use/Zoning:
RM-4
Lot Depth:
32
Lot Frontage:
88'
Taxes:
$13,260.1 / 2021
Water Supply:
Municipal
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
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Listed by Sutton Group-West Coast Realty
Data was last updated September 27, 2021 at 11:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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