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%.
NOTE: This representation is based in whole or in part on data generated by Kamloops and District Real Estate Association which assumes no responsibility for its accuracy.