Six Twenty Six Apartments

Overview

Six Twenty Six Apartments is a clean and well maintained 18-suite wood frame three storey apartment building located in Vancouver’s Fraser/Main neighbourhood.  It features balconies/patios, covered and uncovered parking and storage.  Rental buildings are rarely available for sale in this area.  Huge upside on rents.

Location

Six Twenty Six Apartments is located in the Fraser/Main neighbourhood of East Vancouver.  Only three blocks south of East 41st Avenue; a half block west of Fraser Street; one block south of John Oliver Highschool and a 5 minute walk to Memorial South Park.

A wide range of retail amenities, supermarkets, community services, schools, restaurants, boutiques, trendy cafes and excellent bus transportation characterize this vibrant community.

Features

• Wood frame three level building with stucco exterior
• Beautiful tree-lined street with nice landscaping
• Parking: 8 covered; 8 uncovered in rear of building (included in rent)
• Laundry room: 1 washer/1 dryer owned by building
• Locker room for tenant storage
• Two separate boilers (approx. 10 years old)
• Roof approx. 15 years old
• Fibreglass balconies well maintained
• Carpeted floors in common areas & suites
• One large 100 gallon hot water tank
• Thermostat & intercom for each suite
• 400 amp main electrical panel
• Significant upside on rents; based on CMHC’s 2012 Rental Market Report for Southeast Vancouver, the bachelor suites are 10% below market; the one bedroom suites are 20% below market; the two bedroom suites are 35% below market