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HUDSON APARTMENTS

8638 HUDSON STREET, Vancouver
Apartment Building
10 suites

$3,800,000


Summary

Units
10
Stories
3
Net Rentable Area
5,013 SF
Price/Unit
$380,000
Cap Rate
2.7%
GIM
28.3
Year Built
1996
Lot Size
50' x 108' (5,400 SF)
Zoning
RM-3A Multiple Family Dwelling
PID
014-341-395
Legal Description
Lot 9, except the west 7 feet now road, Block 17 District Lot 318 Plan 1749

Overview

Built in 1996, the subject property is an exceptionally well maintained three-storey 10-suite rental apartment building located in Vancouver’s Marpole neighbourhood. The property features balconies, in-suite laundry & storage, elevator service and parking. There is an ongoing program of capital upgrades throughout building. This is truly a turnkey property with a genuine pride of ownership. Significant upside on rents. For a virtual tour, click here.

Highlights

  • Well-maintained and modern wood-frame 3-storey rental apartment building built in 1996
  • Ongoing program of capital upgrades—see “Upgrades” tab
  • Parking: 9 stalls at rear
  • 9 balconies and 1 patio
  • Efficient suites with open kitchen layouts
  • In-suite storage, in-suite laundry (7 suites) and dishwashers (3 suites)
  • Additional common laundry room on main floor
  • In-suite electric heat and electric hot water tank paid by tenants
  • Double glazed windows
  • Large hydraulic elevator
  • Intercom system
  • Hardwired smoke/heat  plus sprinklers
  • Significant upside on rents

Location

The subject is located mid-block on Hudson Street between West 70th and West 71st Avenue in Marpole. Only three blocks west of Oak street and a 15-minute walk to the new rapid transit “Marine Drive Station” Canada Line, linking Richmond and the airport with Vancouver.

Conveniently situated near shopping and retail amenities on Granville and Cambie Street with access to major bus routes (bus lines on 70th and Oak, as well as Oak and SW Marine Drive). The subject is located only two blocks to Oak Street and within excellent proximity to the YVR and various highways connecting to the US and Fraser Valley.

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