1175-1179 Raymer Avenue

$1,850,000

10242347
MLS#

Request More Info

Description

Exceptional holding and investment property in one of Kelowna's most desirable locations. This fourplex offers 4 2 bed 1 bath spacious suites. Lower 2 suites are 1000 sqft. Upper suites are 1100 sqft with private decks. All have outdoor living space. There is ample parking for all suites plus an additional 2 car garage which could rented. 2 Parking spots for each suite plus additional parking off Bouvette Street. There is a coin laundry for additional income (appox $100 per month.). This large .22 acre. Current rent breakdown is, 1179B-$1600, 1175B-$1450, 1175A $1050,$4100. 1179A (owner occupied & under renovation -potential $1600-1800), (B suites are lower level, A suites upper level).Potential garage rents at $200 p/m. Utilities are included for all suites. Expenses-Insurance $3363, outdoor/snow and lawn $1300-1500, taxes $5786, utilities $9,2335.45(Total expenses=$19,884.45) Rents are significantly under market rates. All suites have been very well maintained with some updates. Each suite has a private entrance with ample green space for tenants with large shared grass area plus storage areas available. Heating is combination of gas and electric, newer appliances in 3 suites, including vented hood fans, roof (tar and gravel) 14 years old, new lighting installed throughout, recently building has been painted, newer hot water tanks (2017) gas furnaces 15yrs. Solid rubber subfloor sound proofing.

Overview

  • Price $1,850,000
  • MLS # 10242347
  • Age 1973
  • Exterior Stucco
  • Water Municipal water
  • Sewer Municipal sewage system

Contact Scott for more information or to set up a viewing.

Contact Us (250) 470-2388