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Fully tenanted and professionally managed, this multi-family property generates over $120,000 in annual NOI, plus additional coin laundry income. Just 10 minutes from downtown, it offers stable cash flow, low maintenance, and strong returns in a rapidly growing neighborhood. A rezoning application has been submitted to allow for a 6-storey, 21-unit rental building, with preliminary support from the City. Priced at $2.5M, this is a rare opportunity to secure dependable income today with long-term upside tomorrow. Showings only after accepted offer. (id:53893)
MLS® Number | C8070751 |
Property Type | Multi-family |
Features | Lane |
Road Type | Paved Road |
Constructed Date | 1910 |
Size Interior | 4200 Sqft |
Acreage | No |
Sewer | Storm Sewer |
Size Irregular | 6036 |
Size Total | 6036 Sqft |
Size Total Text | 6036 Sqft |
Zoning Description | Rm-3a |
Electricity | Available |
Water | At Lot Line |
https://www.realtor.ca/real-estate/28604936/2026-franklin-street-vancouver
Contact us for more information
Muhammad Wahla
Personal Real Estate Corporation - JR Group
(604) 595-8888
(604) 595-8880
www.srsrealestate.com/