1809 33 Street

$1,650,000

10272858
MLS#

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Description

Exciting opportunity to acquire a 12-Suite apartment building located close to Vernon Jubilee Hospital and Downtown Vernon. While some units have been renovated, upside in rental income still remains. Built in 1953, this wood-frame apartment complex is comprised of two buildings offering twelve residential rental units. Suite mix is eight 1-bedroom suites and four 2-bedroom suites. The buildings also features a newer roof and Hardi-board siding. Each unit is accessed from the exterior of the building, meaning less common area for the landlord to maintain. A driveway runs through the property between the two buildings and offers parking for the tenants. The property features a newer gabled asphalt roof. Rental units are individually metered for electricity and feature baseboard heaters. This is an excellent opportunity for first-time multifamily investors or investors looking to add to their multifamily portfolio.

Overview

  • Price $1,650,000
  • MLS # 10272858
  • Age 1953
  • Water Municipal water
  • Sewer Municipal sewage system

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