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$ 3,795,000
Est. payment /mo
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8741 CARTIER STREET Vancouver, BC V6P4V3
11,238 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,238 sqft
Price per Sqft $337
MLS® Listing ID C8070283
Year Built 1958
Lot Size 7,008 Sqft
Acres 7008.0
Source Greater Vancouver REALTORS®
Property Description
Park Avon Apartments presents investors with an exceptional opportunity to purchase an upgraded and well performing rental complex in Vancouver. Located in the heart of the Marpole region, just steps from Granville Street, this building has significant upside on tenant turnover, and is poised for future redevelopment as the neighbourhood grows. Originally constructed in 1958, this 3 Storey investment is comprised of 10 large units; 9 One Bedrooms and 1 Three Bedroom unit. Featuring 10 storage lockers, 5 parking stalls, income generating shared laundry, numerous capital upgrades, and an entrance cap rate that is 44% higher than recent average Marpole sales, this investment is primed for future success and strong returns. This is a rare opportunity for investors looking to capitalize on an established, income-generating asset in a rapidly appreciating area. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by Royal LePage Sussex