I have sold a property at 15156 VICTORIA AVE in White Rock.
Rare, Legal non conforming 4 plex converted to 5 units. There are 4 studios, 2 of them with lofts and 1, 2 bedrooms with 2 bathrooms. Each unit has its own Hydro meter. PANORAMIC OCEAN VIEWS. Older revenue building with steady rentals.Estimated cap rate is 3.8%. Great opportunity of a handyman to improve the value of the building and investment. The building could use some updating in order to obtain maximum revenue. As is, the bldg is bringing in about $41,400 per year. Very few legal multifamily bldgs left in the area. Fabulous location just 1 block to the White Rock Strip and Pier. Restaurants, entertainments etc. all within walking distance. The VIEWS are BREATHTAKING. Hold or build a fabulous VIEW HOME!
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I have listed a new property at 15156 VICTORIA AVE in White Rock.
Rare, Legal non conforming 4 plex converted to 5 units. There are 4 studios, 2 of them with lofts and 1, 2 bedrooms with 2 bathrooms. Each unit has its own Hydro meter. PANORAMIC OCEAN VIEWS. Older revenue building with steady rentals.Estimated cap rate is 3.8%. Great opportunity of a handyman to improve the value of the building and investment. The building could use some updating in order to obtain maximum revenue. As is, the bldg is bringing in about $41,400 per year. Very few legal multifamily bldgs left in the area. Fabulous location just 1 block to the White Rock Strip and Pier. Restaurants, entertainments etc. all within walking distance. The VIEWS are BREATHTAKING. Hold or build a fabulous VIEW HOME!
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I have listed a new property at 15156 VICTORIA AVE in WHITE ROCK.
Opportunity knocks with this legal non conforming 6-plex situated in a prime location just 1 block up from the main White Rock strip. This 3 story Revenue Property features 1-2 bedroom, 2 studios and another 2 studios with lofts. The property features Panoramic, Unobstructed Views of the Pier, Ocean and Semiamhoo. This is an opportunity for an Investor to earn up to $42,000 in Gross Operating Income per year. Virtually a zero vacancy rate as this property is located in a high demand area. The estimated Cap Rate is 3.820% With a little TLC and some upgrades, one can easily achieve a higher cap rate. Very seldom does an opportunity come up like this especially in this location. This is a perfect turn key opportunity for an investor wishing to own and operate a small multifamily building. There are 2 access points to this property; above street parking on Victoria and lane access as well. Parking is street only. Coin operated washer & dryer is owned & shared by tenants. Great Investment opportunity.
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I have listed a new property at 15156 VICTORIA AVE in WHITE ROCK.
Opportunity knocks with this legal non conforming 6-plex situated in a prime location just 1 block up from the main White Rock strip. This 3 story Revenue Property features 1-2 bedroom, 2 studios and another 2 studios with lofts. The property features Panoramic, Unobstructed Views of the Pier, Ocean and Semiamhoo. This is an opportunity for an Investor to earn up to $42,000 in Gross Operating Income per year. Virtually a zero vacancy rate as this property is located in a high demand area. The estimated Cap Rate is 3.820% With a little TLC and some upgrades, one can easily achieve a higher cap rate. Very seldom does an opportunity come up like this especially in this location. This is a perfect turn key opportunity for an investor wishing to own and operate a small multifamily building. There are 2 access points to this property; above street parking on Victoria and lane access as well. Parking is street or lane only. Coin operated washer & dryer is owned & shared by tenants. Great Investment opportunity.
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