Key Facts
- MLS® #: 10360584
- Property ID: SIRC2769000
- Property Type: Residential, Other
- Living Space: 13,004 sq.ft.
- Lot Size: 0.36 ac
- Year Built: 1965
- Parking Spaces: 16
- Listed By:
- Colliers
Property Description
Great opportunity to purchase a 16 unit apartment building in downtown Vernon that was fully renovated in 2019-2020. All suites have newer bathrooms/kitchens new laminate flooring and cabinets. It is comprised of nine (9) 2 bedroom suites, six (6) 1 bedroom suites and one (1) studio. The property is zoned RH3 (High-rise apartment residential) allow for 65 units per acre with potential to increase to 79 units per acre. Building including 16 parking stalls.
NOI is $205,640 with a 5.02% cap rate. Share sale and there is an assumable CMHC mortgage financing in place at 4.13% interest rate until 2033.
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Location
3604 30th Avenue, Vernon, British Columbia, V1T 2E4 Canada
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