3102 37th Avenue, Vernon, BC

$669,000

Community: Vernon

INVESTOR ALERT - 10 SUITE RENTAL PROPERTY

Investor Alert!! Here is an opportunity to own a 10 unit, rooming house showing a cap rate better than 7%! Located in a revitalizing part of the City, with level walking to the downtown. This property provides a great lifestyle for people, at an affordable price. The home features 10 good sized, secure, guest rooms with television and a personal refrigerator. On each floor there is a well-equipped, shared kitchen, a shared washroom, with shower. A coin-operated laundry facility is located on the main floor for all tenant’s use. This property has had a complete renovation including a new foundation that was completed in 2014. The property also includes a detached shop that the owner uses for storage and a driveway that could accommodate 2 vehicles. There is also a private, no maintenance yard, perfect for tenants to get away for a while. Well-kept and maintained, this property would be a great addition to anybody’s Real Estate Investment portfolio.

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Specifications

Price
$669,000
MLS®#
10205334
Community
Year Built
1908
Zoning
C2
Lot Size
0.11 acres
Lot Frontage
50
Lot Depth
100
Home Size
Total Finished
2771 sq.ft
Main Level
968 sq.ft
Upper Level
835 sq.ft
Lower Level
968 sq.ft
Bedrooms
10
Bathrooms
3
Taxes
$3255 (2019)
Services
Hydro, Natural Gas, Telecommunications, Sewer, Municipal Water
Legal Description
Lot 2 Block 42 Section 3 Township 8 ODYD Plan 327E

Location

Discover Vernon

Welcome to the City Of Vernon! The service and cultural hub of the North Okanagan Valley, Vernon is that rare blend of ‘small town’ flavor and friendliness with big town services. Nestled in the valley between Kalamalka Lake, Okanagan Lake, and Swan Lakes. Recreational and cultural activities abound and add zest to the four …read more

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Highlights

The Home

  • Additional revenue possible from coin-operated laundry facilities
  • 10 units for rentals
  • Shared cooking and living room facilities
  • Fully landscaped yard
  • Well maintained
  • Large shop on property for storage

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