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$ 2,595,000
Est. payment | /mo
4,200 SqFt
$ 2,595,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $617
MLS® Listing ID C8066094
Originating Board Greater Vancouver REALTORS®
Year Built 1910
Lot Size 6,036 Sqft
Acres 6036.0
Property Description
Prime investment opportunity at 2026 Franklin Street! This fully managed property generates an impressive annual NOI of $120,000 with 8 - 1 bedroom units, supplemented by coin laundry income. Located just 10 minutes from downtown Vancouver, it offers stable returns and incredible future potential. A rezoning application has been submitted to CD-1, proposing a 6-story, 21-unit rental building with a projected monthly rent roll of up to $45,000. The city has expressed support for the redevelopment in line with the Official Community Plan (OCP). Priced attractively, this property is perfect for investors looking for both immediate cash flow and long-term development potential. Don't miss this rare offering! Showings only after accepted offer (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Storm sewer
Listed by SRS Panorama Realty
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Nick Palumbo
Agent | License ID: 5043946