About This Property
Excellent investment opportunity to acquire a 15-unit multifamily building in a high-exposure location along 1st Avenue / Lougheed Highway in the growing City of Mission. This income-producing property features a well-balanced unit mix Of 4 studio suites, 10 one-bedroom suites, and 1 two-bedroom suite, with gross monthly revenue exceeding $14,800. Significant capital upgrades have been completed over the years, including roof replacement in 2019, hot water boiler system replacement in 2017, and PBX/ copper plumbing upgrades in 2015, along with updated light fixtures and appliances, helping support long-term value and operational stability. Ideally situated close to transit, shopping, and everyday amenities, the property benefits from strong tenant appeal in a convenient and accessible location. A compelling opportunity for investors seeking stable cash flow, upside potential, and long-term appreciation. Contact us for more information. (id:64973)
At $1,930,000, the property is priced at $128,667 per unit, which is slightly above the Mission average for multi-family buildings. However, the recent capital upgrades and strategic unit mix make this an appealing investment opportunity for experienced multi-family investors seeking stable cash flow in a rapidly developing area. This property is well-suited for investors focused on maximizing rental income, with the potential to generate over $14,800 in monthly revenue.
Property Details
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