Overview
Price
$9,630,000
About this Multi-Family in City Of Vernon
Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (20…20), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:14735)
Listed by Marcus & Millichap/REMAX Kamloops.
Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (2020), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:14735)
Listed by Marcus & Millichap/REMAX Kamloops.
Brought to you by your friendly REALTORS® through the MLS® System and OMREB (Okanagan Mainland Real Estate Board), courtesy of Gary Judge for your convenience.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
More Details
- MLS®: 10386799
- Type: Multi-Family
- Lot Size: 0.78 acres
- Half Baths: 0
- Parking: 37 (Stall)
- Year Built: 1973
Get in touch with JUDGE Team
250.899.3101Location and Amenities
Amenities Near 1604 31 Street
City Of Vernon, Vernon
Here is a brief summary of some amenities close to this listing (1604 31 Street, City Of Vernon, Vernon), such as schools, parks & recreation centres and public transit.
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