Bob Brackens Sold's

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749 E 16TH Avenue in Vancouver: Mount Pleasant VE Commercial for sale (Vancouver East) : MLS®# C8065058

749 E 16TH Avenue Vancouver V5T 2V5 : Mount Pleasant VE

mls 1banner
$1,749,000
Prop. Type:
Commercial
MLS® Num:
C8065058
Status:
Sold
Sold Date:
Jan 01, 2025
Here is information on Bob's New Listing at 749 East 16th Ave Vancouver, located in popular Mount Pleasant. This is a High Quality, 1st Class, True Investment Property w Huge Income from 8 Self Contained Suites. Completely rebuilt from foundation in 2005, additional extensive renovations in 2006-2007, with bright Suites, great Tenants, low maintenance, sprinklered Building, minimal management required, zero vacancy. Some posted photos taken shortly after renovations. Huge Income $9,416/mo, $112,992/yr, with Rental Upside (rent well below market). Cap Rate 5+%, GRM 15.5 X Earnings. Potential Income $12,700/mo, $152,400/yr, Potential Cap Rate 7%. Great Mount Pleasant location, close to Shopping, Restaurants, Transit, Parks, minutes to Main St & Downtown. Vancouver Walk Score 96, Transit Score 68, Bike Score 79. Great Opportunity to own a Quality Income Property with Great Cash Flow in a popular Vancouver neighbourhood. Great Investment, also Perfect for Non Profit Housing Societies. Showing by Appointment with 2 Day Notice, must confirm attendance. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan, Viewing. Asking Price $1,749,000. Showing Mon Dec 16 noon gone by 1:00pm by Appt. Offers if any, will be presented Mon Dec 16 after 5:00pm. Email all offers bob@bobbracken.com
Price:
$1,749,000
Property Type:
Commercial
MLS® Num:
C8065058
Status:
Sold
Listed by RE/MAX Real Estate Services
Data was last updated March 28, 2025 at 03:10 PM (UTC)

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