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723 Government Street in Penticton: Multi-family for sale : MLS®# 10307542

723 Government Street Penticton V2A 4T3 :

Main Photo: 723 Government Street in Penticton: Multi-family for sale : MLS®# 10307542
$1,999,000
Prop. Type:
Multi-family
MLS® Num:
10307542
Status:
Active
Age:
28 years
Exceptional opportunity to invest in a meticulously stratified 8-condo apartment building, constructed in 1996 with separate titles for each unit. Featuring a balanced distribution of four condos on both the upper and ground levels, residents can enjoy the luxury of balconies or patios, depending on their unit. Ample parking is provided with one open space allotted per unit. Each condo boasts approximately 506 square feet of space, comprising a bedroom, living room with gas fireplace and hardwood floors, storage units, an open kitchen-living area layout, a four-piece bath, and in-suite laundry facilities. Four of the units have undergone extensive renovations, enhancing their appeal and value. With a potential rental income of $1400 per month per unit, this easily manageable property with low expenses represents a lucrative investment. Ideally located within walking distance of downtown amenities, beaches, and the hospital, this building already houses long-term tenants, offering a secure and promising investment opportunity. The entire building is available for sale, presenting an attractive prospect for discerning investors. (id:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Ownership Type:
Strata
Maintenance fees:
0.00
Maintenance fees term:
Monthly
Community:
Main North
Community Features:
Pets Allowed
Building Type:
Multi-Family
Half Bathrooms:
0
Age:
28 years
Cooling:
Wall unit
Storage Type:
Storage, Locker
Fireplace:
No
Heating:
Baseboard heaters
# Storeys:
2.0
Water:
Municipal water
Acreage:
No
Lot Size:
Switch units of measure9,583.2 sq. ft.
Lot Size:
0.22 ac|under 1 acre
Lot Details:
0.22
Parking Type:
See Remarks
Listed by RE/MAX Penticton Realty
Data was last updated June 25, 2024 at 11:15 PM (UTC)
Paul Basso
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.