Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 - 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment. (id:55577)
Property Features
- MLS® Number A2249523
- Price $1,449,000
- Square Footage: 3903 sqft
- Property Type: Multi-Family
- Community Name: Bankview
- Amenities Near By Shopping
- Community Features Pets Allowed
- Features Other
- Parking Space Total 4
- Plan 3551s
- Structure None
Buildings
| Appliances | Washer, Refrigerator, Range - Electric, Dryer | Basement Development | Finished |
| Basement Type | Full (finished) | Constructed Date | 1958 |
| Construction Material | Wood Frame | Cooling Type | None |
| Exterior Finish | Brick | Flooring Type | Laminate, Tile |
| Foundation Type | See Remarks | Stories Total | 2 |
| Size Interior | 3903 Sqft | Total Finished Area | 3902.55 Sqft |
| Type | Multi-family | Utility Power | Generator |
| Utility Water | See Remarks |
Parking
| Concrete | |
| Parking Pad |
Land
| Acreage | No | Land Amenities | Shopping |
| Sewer | Municipal Sewage System | Size Depth | 15.3 M |
| Size Frontage | 12.19 M | Size Irregular | 498.00 |
| Size Total | 498 M2|4,051 - 7,250 Sqft | Size Total Text | 498 M2|4,051 - 7,250 Sqft |
| Zoning Description | M-c2 |
Agents and Offices
- Kerry K. Lau
- Office: Trec The Real Estate Company