Affordable Investment Opportunity! This solid 8 unit apartment building is located in the heart of Penticton. This property has been owned long term by the same family for many decades. This 8 unit building consists of 6 one bedroom units and 2 two bedroom apartments. Long term tenant base provides stable income with little or no vacancy in the last 5 years. With projected low vacancies and upward pressure on rental rates for the foreseeable future, there is plenty of upside for investment return. This building is centrally located in Penticton’s downtown core, this popular location is close to schools, shopping and only a few blocks from the beach! This is your opportunity to have a solid investment in one of the Okanagan’s prime locations. Call today for more information. (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Transaction Type:
For sale
Zoning:
Unknown
Ownership Type:
Freehold
Taxes:
$5,941.07 /
-
Community:
Main North
Amenities:
Public Transit, Recreation, Schools, Shopping
Exterior Features:
Stucco
Security Features:
Smoke Detector Only
View:
Mountain view
Structure Type:
Multi-Family
Age:
76 years
Half Bathrooms:
0
Roof:
Other, Unknown
Exterior Finish:
Stucco
Fireplace:
No
Fire Protection:
Smoke Detector Only
Floor finish:
Mixed Flooring
Heating:
See remarks
Roof Style:
Other, Unknown
# Storeys:
3.0
Water:
Municipal water
Sewer:
Municipal sewage system
Land Amenities:
Public Transit, Recreation, Schools, Shopping
Road Access:
Easy access
Acreage:
No
Lot Size:
9,148 sq. ft.850 m2
Lot Size:
0.21 ac|under 1 acre
Lot Details:
0.21
Lot Features:
Corner Site
Listed by Chamberlain Property Group
Data was last updated November 12, 2024 at 05:15 PM (UTC)
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