Business
0 Bedrooms
0 Bathrooms
Size: 7,200 sqft
Built in 1996
$3,180,000
About this Business in Marpole
Well-maintained 10-unit multifamily building in the heart of Marpole. Built in 1996 on a 4,940 sq ft lot at Granville & 71st, this 4-level property with elevator features 8 parking stalls and recent roof upgrades. The building includes one bachelor suite and nine spacious one-bedroom units ranging from 380 sq ft to 480 sq ft, each with its own hot water tank. Tenants pay their own hydro, ensuring low maintenance costs. Generates approximately $160,000 annual gross income with… long-term stable tenants. Zoned RM-3A under the Marpole Community Plan, offering excellent holding income and future redevelopment potential with increased density options (verify with City). Minutes to YVR Airport, Hwy 91, and Downtown Vancouver. Gross Income of $161,456. NOI of $125,092 and a Cap Rate of 3.93%.
Listed by Royal Pacific Riverside Realty Ltd..
Well-maintained 10-unit multifamily building in the heart of Marpole. Built in 1996 on a 4,940 sq ft lot at Granville & 71st, this 4-level property with elevator features 8 parking stalls and recent roof upgrades. The building includes one bachelor suite and nine spacious one-bedroom units ranging from 380 sq ft to 480 sq ft, each with its own hot water tank. Tenants pay their own hydro, ensuring low maintenance costs. Generates approximately $160,000 annual gross income with long-term stable tenants. Zoned RM-3A under the Marpole Community Plan, offering excellent holding income and future redevelopment potential with increased density options (verify with City). Minutes to YVR Airport, Hwy 91, and Downtown Vancouver. Gross Income of $161,456. NOI of $125,092 and a Cap Rate of 3.93%.
Listed by Royal Pacific Riverside Realty Ltd..
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Sylvia Fierro for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
More Details
- MLS®: R3047703
- Bedrooms: 0
- Bathrooms: 0
- Type: Business
- Size: 7,200 sqft
- Lot Size: 4,940 sqft
- Frontage: 50.00 ft
- Full Baths: 0
- Half Baths: 0
- Taxes: $9059.3
- Parking: Carport Multiple, Lane Access (8)
- Basement: None
- Storeys: 4 storeys
- Year Built: 1996
- Style: Other
Contact Sylvia now to get started with your next move!
604.351.8417
Marpole, Vancouver West
This community in Westside Vancouver has a lot to offer. Tons of new builds, streets filled with a flurry of activity, and of course the airport is only a stone’s throw away. Located on the Southside of the hill on the westside of Vancouver—you are certain to get a ton of sun and take in some amazing views over the airport and Richmond. Marpole is exciting while still being a wonderful community to raise your family. Several excellent school choices for your young ones and superb transit make this neighbourhood a good choice for every family.
