1604 31st Street, Out Of District - Sub Area

$6,100,000

0 Beds
0 Baths
0 Sqft
.78 Acres
0 Garages

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%.

Essential Information
MLS® #149102
Price$6,100,000
Acres0.78
TypeCommercial
Sub-TypeMulti-Family
StyleBuilding and Land
StatusConditional
Community Information
Address1604 31st Street
AreaOut Of District
CityOut Of District - Sub Area
ProvinceBritish Columbia
Postal CodeV1T 5G8
Amenities

Air conditioning fully, Balconies, Intercom

Lot Description

Public Trans. Nearby, Shopping Nearby

Additional Information
Date ListedDecember 4th, 2018
ZoningRH-1
Listing Details
AgentJassi Sangha
OfficeC21 DESERT HILLS RLTY.('10)LTD
Property History
Status Changed from Active to Conditional
LISTING MAP

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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.

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