2086 w 2nd Avenue

2086 W 2nd Vancouver, BC, V6X 3Z4, "Vistaville in Kitsilano" 29 unit totally renovated apartment bldg w underground parking & bike storage three blocks from the beach. Breakdown; 27 One beds, 1 Two bed & 1 Studio. Gross Income $387,000 ($32,250 per month), Net Income $287,478 ($23,956/mo) Cap Rate 3.5%. Rents; 1 bed $900-$1300/mo, 2 bed $1250 & studio $740/mo (Un-Authorized). Go Realtors website for "Marketing Handout" & apartment Movie. Work & updates recently done; Elevator & Cab mechanical replaced, re-piped by Cambridge plumbing, new torch on roof, fiberglass balconies, aluminum railings & new domestic hot water & storage tanks. Most suites have been updated with new tubs, basins, toilets in bathrooms & 50% of suites have laminate floors. HW Heating Boiler is 10 years old. Lot Size 120 X 125 (15,012 s/f) zoning RM4.