1918 E 1st Avenue, Vancouver
Beat inflation, invest here! It's like owning your own apartment with 3 self contained suites generating income! Seller has business license to rent out all 3 units, consistently doing so for last 50yrs. Great investment, excellent cap rate, ready to rent, just renew with a coat of paint or carry out simple renovations & this home can have $6000/mth or more income! 3-bdrm suite on grnd flr (above grade), 2-bdrm suite on main flr and 2-bdrm suite on upper flr. Earn income while you hold this revenue property with a level lot that has potential land assembly value or new build. MULTIFAMILY RM-11N zoning, up to 1.7FSR if combined with other lots (verify with City of Van). Unbeatable location with a 92 walkscore, 2 blks to vibrant Commercial Drive, restaurants, shops, transit, parks. Call Now!
Taxes (2021): $3,658.06