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1604 31 Street, in Vernon: Multi-family for sale : MLS®# 10172824

1604 31 Street, Vernon V1T5G8 :

Main Photo: 1604 31 Street, in Vernon: Multi-family for sale : MLS®# 10172824
$6,100,000
Prop. Type:
Multi-family
MLS® Num:
10172824
Status:
Active
Age:
45 years
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:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Ownership Type:
Freehold
Community:
City of Vernon
Features:
Wheelchair access
Building Type:
Multi-Family
Age:
45 years
Exterior Finish:
Wood siding, Stucco, Vinyl siding
Fireplace:
No
Heating:
Baseboard heaters
Roof Style:
Unknown, Conventional
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Size:
Switch units of measure0.78 acre(s)
Lot Size:
0.78 ac|under 1 acre
Lot Details:
0.78
Listed by C21 DESERT HILLS RLTY.('10)LTD
Data was last updated April 21, 2019 at 09:45 PM (UTC)
Nadine Westgate Owner/Broker
REALTOR®
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.