Description

The 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 each w sink vanity, murphy bed. These Flrs each have a modern kitchen, 2 baths & common area. 1500 SF Bsmt largely unused/available 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 under COV Housing Agreement. 1910 Bldg lots of character very upgraded, w redone plumbing, elec, floors, kitchens, roof, baths. Gr Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, 4.7% Cap Rate. Professionally managed, well maintained quality Tenants. Excellent "hands off" investment, or great non-profit housing. Showing Preferred Fridays Afternoon 2 Day Notice. Call LS viewing, info pkg. Showing Tue Sept 17 @ 2:00pm by Appt