4169-4175 Fraser Street, Vancouver | SOLD by Matt Gul & Selin Gul
Was Offered at $3,299,000
🌎 Multi-Family Commercial
📌 2 Commercial Units + 4 Residential Units (3x 1-Bed & 1x 2-Bed)
Congratulations to our Buyers!
Meticulously maintained complex with 4 updated residential units above plus a thriving retail space below. Each residential unit is fully leased, plus the added bonus of a solid commercial tenant who seeks long-term occupancy, giving ensuring stability in income generation. Individual amenities include radiant heating, hot water tanks and in-suite electrical panels, prioritizing tenant convenience. Additional features include common pay laundry facilities, security cameras, and exterior lighting. Completing the package, this property offers four exterior parking spots for residential use. Positioned for immediate income and future potential, this mixed-use building also presents an outstanding opportunity for redevelopment or strategic land assembly.
4 vs 5+ Unit Multifamily
Which is Easier to Start With?
When getting started with multifamily, buying a 4 unit can be easier than acquiring a 5+ unit because 4 unit properties qualify for a residential loan. Residential loans have easier lending requirements and lower down payment. Not only will the lender require a down payment of 25-30% for commercial multifamily loans, but they will also base approval on the property’s income as well as your experience.
Which Makes More Money?
Due to better financing terms, a lower interest rate and a lower down payment, your return on investment (ROI) is higher on a 4 unit. However, the cashflow is higher on a 5+ unit as you have more units. The more units you have, the greater the cash flow potential..
