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.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.