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3922 I St - (2) Unit Property with Potential for 3rd ADU

2 Unit Apartment Building Offered at £666,670 at a 10.76% Net Initial Yield in Vancouver, WA 98663

Executive Summary

This exceptional multifamily property in desirable Vancouver, epitomizes luxury living with no expenses spared in its construction and finish level. Thoughtfully designed to maximize natural light and space, each unit exudes sophistication and functionality. Step inside to discover an immaculate open-concept layouts flooded with sunlight, boasting tall ceilings and tasteful designer touches throughout. High-end finishes adorn every corner, with particular attention to detail evident in the custom kitchens featuring stunning tile work, elegant lighting, a generous island, and upgraded stainless steel appliances. Spanning three stories, this property offers versatility and comfort, with the lower level serving as its own self-contained unit with 2 bedrooms + 1 bathroom. The main + upper level unit boasts a spacious covered balcony and 3 bedrooms/2.1 bathrooms. Outside, the meticulously landscaped grounds provide a tranquil oasis for relaxation and outdoor enjoyment. Can be sold fully furnished and has potential for short term rentals of both spaces! Owner occupy or bolster your investment portfolio with this incredible property!

Property Facts

Price £666,670
Price Per Unit £333,335
Sale Type Investment
Net Initial Yield 10.76%
No. Units 2
Property Type Residential
Apartment Style Single Family Home
Lot Size 0.11 AC
Building Size 2,443 SF
Number of Floors 3
Year Built/Renovated 1940/2023

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2.5 1 £4,414 1,524
2+1 1 £3,459 919

zoning

Zoning Code R-22
R-22
  • Listing ID: 31615281

  • Date on Market: 25/04/2024

  • Last Updated:

  • Address: 3922 I St, Vancouver, WA 98663

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