406 UNION STREET

HIP-O Building @ 406 Union St. Cool 3 Storey 15 Unit Historic lncome Bldg Trendy Strathcona, near Chinatown, mins to D/T, 1 blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt completely reno'd 2016-2019 contains 3 Ground Flr S/C Suites: 2nd & 3rd Flrs each contain 6 furnished single rooms w/sink vanity, murphy bed, & each Flrs have a modern kitchen, 2 baths & common area. 1500 SF Bsmt largely unused w Coin laund, bike storage & lockers for rent. 2 of 12 single rooms are COV SRA rental restricted, but rest incl 3 S/C Suites are unrestricted market rentals. 1910 Bldg lots of character very upgraded, sprinklered redone plumbing, elec, floors, kitchens, roof, baths. Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, 4.7% Cap Rate. Prof managed, well maintained good Tenants. Great "hands off" investment, or great non-profit housing OTE! Sellers will consider VTB 2nd mtg w/good terms to Qualified Buyers, contact LS for details. Shwng Preferred Fridays Afternoon 2 Day Notice. Call LS viewing, info pkg. (id:4069)