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:4069)
Address
1604 31 Street
List Price
$9,630,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Vernon
Lot Size
0.78 Sq. Ft.
Year Built
1973
MLS® Number
10386799
Listing Brokerage
Marcus & Millichap
| REMAX Kamloops
Postal Code
V1T5G8
