1918 E 1st Avenue, Vancouver Listing #: R2670751

$1,499,000
7 Beds
3 Baths
2,266 Sqft
2,928 Lot SqFt
1912 Built


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
Features
  • Refrigerator
  • Stove
Site Influences
  • Central Location
  • Lane Access
  • Recreation Nearby
  • Shopping Nearby

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RE/MAX LIFESTYLES REALTY

MLS Reciprocity

Listed By: Oakwyn Realty Encore

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