INVESTOR ALERT!!! This newly renovated, turnkey, 4 unit (3 legal) full duplex in the heart of Richmond, affectionately known by locals as Marda Loop is an exceptional investment opportunity for the savvy investor, or for someone looking to start their real estate portfolio. With the anticipated gross rental income of $8,850 a month it gives this property a 6.43% cap rate, a very attractive return on investment. No expense was spared during this fully permitted, complete renovation - all new triple pane windows, 3 new furnaces, 2 new hot water tanks, 6.5mm luxury vinyl plank flooring throughout, complete new kitchens, new bathrooms, in-unit laundry in all 4 units, topped up attic insulation, and a freshly landscaped property - the list goes on and on. Location matters - Richmond/ Marda Loop is a proven neighbourhood that continues to remain vibrant, and on trend. Richmond is a desirable location for a rental property based on popularity amongst students, young working professionals and families. Walking distance to restaurants, boutiques, everyday shopping and only a quick drive into downtown. This 4 unit (3 legal, 1 illegal) garden walk-out duplex plus large double garage is perfectly situated. Its your time to capitalize on the thriving rental market in a neighbourhood that promises success!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
