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Multifamily

1015 East Broadway

1015 E Broadway, Vancouver, BC V5T 1Y5

Listing Price: $6,200,000

Cap Rate
3.68%
Number of Units
13
GRM
22.49
Price/Unit
$476,923
Price/Gross SF
$1,254.05
Gross SF
4,944

Investment Overview

The McEvay Blair Multifamily Group of Marcus & Millichap presents the opportunity to acquire 1015 East Broadway in the Mount Pleasant neighbourhood of Vancouver. The 13-unit building was completely rebuilt in 2018 providing investors with a virtually brand new, easy to manage multifamily asset with secure and stable cash-flow in one of Vancouver’s strongest rental markets. The opportunity is underpinned with assumable financing and long-term redevelopment potential.

Investment Highlights

  • The building is virtually brand new with zero deferred maintenance and no imminent capital expenditures expected
  • Modern and efficient rental units provide unique layouts complete with dishwashers and in-suite laundry
  • Strategic location with future assembly and redevelopment potential under the Broadway Plan
  • The pet friendly building features a gated dog park at the rear of the building, and secure storage lockers and bike room for tenants use
  • Minimal overhead and operating expenses with tenants paying for electric baseboard heat and in-suite electric hot water tanks
  • Turn-key investment with secure and stable cash-flow with potential for rental upside

Exclusively Listed By

Multifamily

1015 East Broadway

Listing Price: $6,200,000

Cap Rate
3.68%
Number of Units
13
GRM
22.49
Price/Unit
$476,923
Price/Gross SF
$1,254.05
Gross SF
4,944

Investment Highlights

  • The building is virtually brand new with zero deferred maintenance and no imminent capital expenditures expected
  • Modern and efficient rental units provide unique layouts complete with dishwashers and in-suite laundry
  • Strategic location with future assembly and redevelopment potential under the Broadway Plan
  • The pet friendly building features a gated dog park at the rear of the building, and secure storage lockers and bike room for tenants use
  • Minimal overhead and operating expenses with tenants paying for electric baseboard heat and in-suite electric hot water tanks
  • Turn-key investment with secure and stable cash-flow with potential for rental upside

Investment Overview

The McEvay Blair Multifamily Group of Marcus & Millichap presents the opportunity to acquire 1015 East Broadway in the Mount Pleasant neighbourhood of Vancouver. The 13-unit building was completely rebuilt in 2018 providing investors with a virtually brand new, easy to manage multifamily asset with secure and stable cash-flow in one of Vancouver’s strongest rental markets. The opportunity is underpinned with assumable financing and long-term redevelopment potential.

Exclusively Listed By

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