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1604 31 Street, Vernon, British Columbia V1T 5G8

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Jassi Sangha

(250) 377-3030

C21 Desert Hills Rlty.('10)ltd
867 Victoria Street,, Kamloops, B.c. V2c 2b7
Kamloops, BC V2C 2B7

(250) 377-3030
(250) 377-3099

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Baseboard Heaters

$6,100,000

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 bedrooms suites. There is an excellent property management team in place who schedule repairs and maintenance too. This is an opportunity not to be missed especially as the Cap Rate is above 6%. (id:26472)

Property Details

MLS® Number 10172824
Property Type Multi-family
Neigbourhood City of Vernon
Community Name Valley View Apartments
Features Wheelchair Access

Building

Constructed Date 1973
Exterior Finish Wood Siding, Stucco, Vinyl Siding
Fireplace Present No
Heating Type Baseboard Heaters
Roof Material Unknown
Roof Style Conventional
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 0.78
Size Total 0.78 Ac|under 1 Acre
Size Total Text 0.78 Ac|under 1 Acre
Zoning Type Residential Apartment

Utilities

Sewer Available

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20162293