This rare 4-plex has all the things going for it that investors want such as a location that tenants love, loads of parking for their vehicles and toys and affordable rates. This proven revenue maker is well kept with many recent upgrades and improvements. As a result, tenants love it. They walk to eveything they need. Each unit has two bedrooms and one bathroom for a total of 8 bedrooms and 4 bathrooms, their own laundry ( 8 machines total) and their own heat. Each side is separately metered. $5,980 monthly revenue with one side paying half utilities and the other having it included in their rent. There is potential for rent upsizing over time so this could be an excellent holding property while rents rise. There is room for an additional 4-plex on the property or maybe even more density with more height. This combination of land and building in a great location is hard to beat. (id:4069)
Address
1287-1289 Lawrence Avenue
List Price
$1,925,000
Property Type
Single Family
Type of Dwelling
Fourplex
Style of Home
Split level entry
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
8
Bathrooms
4
Floor Area
4,018 Sq. Ft.
Lot Size
0.28 Sq. Ft.
Year Built
1960
MLS® Number
10350722
Listing Brokerage
Coldwell Banker Horizon Realty
Postal Code
V1Y6M5
Site Influences
Public Transit, Recreation, Schools, Shopping
Features
Irregular lot size
