1603 Broadway E - Apartments FOR SALE


Vancouver, BC V5N 1V9
$8,900,000 CAD
604-714-1700

NO PHOTO

$8,900,000 CAD
Apartments - FOR SALE
null | 2.1% Cap Rate

1603 Broadway E
Vancouver, BC V5N 1V9


OVERVIEW

This well maintained 22 UNITS STRATA BUILDING offers 20-one-bedroom units and 2-two-bedrooms units. All with their own legal description. There are only two owners, one owner owns 11 units and the other owns the other 11 units. European built in the 1980’s, first time to market. This site is situated in the Commercial Drive Station Plan that can propose huge density and development upside. Ideal to keep as a rental and increase rents, renovate and sell off individual units or buy hold and develop in the future. There are many options. The rents are well under market, huge upside.

FOR SALE DETAILS

PRICE

$8,900,000 CAD

PRICE/SF

$445 CAD /SF

# OF UNITS

22

PRICE/UNIT

$404,545

CAP RATE

2.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,808 SF

ZONING

RM-4N

APN/PARCEL ID

006-521-444

ASK ABOUT THIS PROPERTY

Mario FelicellaSutton Group-West Coast RealtyMore Info
604-714-1700

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Mario FelicellaSutton Group-West Coast RealtyMore Info
604-714-1700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.