2223 E 8TH AVENUE

About This Property

Investor opportunity in a prime residential area on a great block. This three-level property produces approx. $100K annual NOI with an estimated 5% cap rate, or live in the main unit and collect about $70K rent from other units. Income setup includes: $2,500 upper level (vacant, incl. garage), $2,100 upper (tenanted), plus $1,350, $1,000, and $900 units all rented, and $350 from the garage/workshop. Enjoy a top-floor deck with mountain views, shared coin laundry, bike storage, and a charming backyard. All suites are unauthorized. Ideally located near Commercial Drive, transit, shopping, and recreation.

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