First Class Character legal Multiplex with Fabulous Income in the Heart of famous Commercial Drive. The 7 licensed suites all have separate elec meters & pay for own heat/light. Current rents (bit below market) generate $6335/mo, $76,020/yrw/Net Income of $63,000/yr = 3.97% cap rate, with real upside! 6 suites have dishwashers, many have decks or outside space, some w/high ceilings & all are very cool. There is a shared laundry, separate, secure bike storage plus a large, steel storage unit at back. The house is well maintained & professionally managed, a turn-key opportunity for investors, good for owner occupants. Showings available by appointment, require 48 hrs notice. Please call LS for details, info pkg.
looking at buying
