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DESCRIPTION

Rare multi family freehold investment opportunity. This 4 storey, low rise apartment building contains 49 units, 30 of which have been extensively renovated. Approximately 96% fully leased. Walking distance to Vernon Jubilee Hospital. The unit mix consists of 7 bachelor suites, 21 one bedroom suites and 21 two bedroom suites. There is an excellent property management team in place who schedule repairs and maintenance. This is an opportunity not to be missed especially as the Cap Rate is above 6%. (id:5764)

KEY DETAILS
  • Price:
  • $6,100,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.78
  • Year Built:
  • 1973
  • Listing #:
  • 10172824
  • Street Address:
  • 1604 31 Street,
  • City:
  • Vernon
  • State:
  • BC
  • Postal Code:
  • V1T5G8
  • Subdivision:
  • City Of Vernon
  • Listing Status:
  • For Sale - Active

Building

  • Type Of Roof:
  • Conventional
  • Year Built:
  • 1973

Land

  • Conforms To Zoning:
  • Residential Apartment
  • Lot Size Units:
  • Acres

Systems

  • Sewage Type:
  • Municipal Sewage System
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