840 East 6th Avenue, Vancouver
Julie Apartments is an 11 suite walk-up apartment building in the Mount Pleasant area of East Vancouver. It is in pristine condition and conveniently located close to transit and China Creek North Park.
Located at East 6th and St. Catherines street, Julie Apartments will soon be taking advantage of the transformation of the Mount Pleasant area. This local is quickly being transformed by gentrification with the advent of the old Finning site, now converted into three university campuses (UBC, SFU & Emily Carr). Furthermore, a new skytrain station will be coming soon, and the possible relocation of St. Paul’s Hospital.
The subject property is a three storey frame building with balconies that have been beautifully restored. There are some views from suites facing Northeast. Overall, the building is very well maintained, with ongoing suite upgrades in areas of appliances, carpeting, painting, bathroom, etc. There are 8 parking stalls around back that are not being charged to the tenants.
|One Bedroom||No. Units7|
|Financing||Treat as clear title.|
|Income and Expenses|
Less Vacancy 2%
Net Operating Income
|Notes||Income annualized as of January 2004. Rents are approximately 7% under market for the one bedrooms and approx. 20% under market for the bachelors. For rent roll and income & expense statement, click here.|
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.